Annuity payments and pension plans

Reference no: EM1329425

Hunter retired last year and will receive annuity payments for life from his employer's qualified pension plan of $30,000 per year starting this year. During his years of employment, Hunter contributed $130,000 to the plan, and the total expected return based on his life expectancy is $200,000. All of the contributions were on a pre-tax basis. This year, Hunter will include what amount in income?

A. $0
B. $10,500
C. $19,500
D. $30,000

Reference no: EM1329425

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