On April 1,2016,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 2016?

Question

Quizplus · Accepted Answer

The Answer of On April 1,2016,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 2016?

On April 1,2016,Martha,age 67,begins Receiving Payments of $3,000 Monthly from Her