Hunter Retired Last Year and Will Receive Annuity Payments for Life

question 144

Multiple Choice

Hunter retired last year and will receive annuity payments for life from his employer's qualified retirement plan of $30,000 per year starting this year.During his years of employment,Hunter contributed $130,000 to the plan.Based on IRS tables,his life expectancy is 260 months.All of the contributions were on a pre-tax basis.This year,Hunter will include what amount in income?

• A)$0
• B)$6,000
• C)$24,000
• D)$30,000

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Definitions:

Content Analysis

A research technique used to objectively and systematically analyze the content of communication, such as texts, images, and media.

Cultural Changes

Transformations in the beliefs, norms, values, and practices of a society or community over time.

Long Periods

Extensive durations or lengths of time, often used in reference to historical, geological, or personal time frames.

Participant Observation

A method in social science research where the researcher immerses themselves in the environment of their subjects to observe and participate in their activities.