In 2008 teresa receive fivepayments for a total of 7000

Reference no: EM13481732

Teresa retired in June of 2008, with a life expectancy of 10years. Her pension is $1,400 per month from a qualified pensionplan to which her employer also made contributions. Teresacontributed $ 28,000 to the plan. In 2008, Teresa receive fivepayments for a total of $7,000. Calculate Teresa's taxable portion of the pension for 2008 using the general rule.

Reference no: EM13481732

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