On April 1,2013,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.
a.Using the simplified method,how much of the payments are taxable in 2013?
b.In 2031,Martha,age 85,continues to receive retirement payments.How much of the payments are taxable in 2031?
c.Assume that Martha dies on December 20,2015.She had received all twelve of her 2015 payments.What are the tax consequences on her 2015 tax return?

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The Answer of On April 1,2013,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.
a.Using the simplified method,how much of the payments are taxable in 2013?
b.In 2031,Martha,age 85,continues to receive retirement payments.How much of the payments are taxable in 2031?
c.Assume that Martha dies on December 20,2015.She had received all twelve of her 2015 payments.What are the tax consequences on her 2015 tax return?

On April 1,2013,Martha,age 67,begins Receiving Payments of $3,000 Monthly from Her