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On April 1,2014,Martha,age 67,begins Receiving Payments of $3,000 Monthly from Her

Question 109

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On April 1,2014,Martha,age 67,begins receiving payments of $3,000 monthly from her employer's qualified retirement plan.She had contributed $90,000 to the plan in after-tax dollars.The anticipated number of payments is 210. Using the simplified method,how much of the payments are taxable in 2014?

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$90,000 / 210 = $429.57 monthl...

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