Question: Check my work Using the simplified method, determine the tax-free amount of the following distributions from a qualified pension plan. Contributions if any, are made
Check my work Using the simplified method, determine the tax-free amount of the following distributions from a qualified pension plan. Contributions if any, are made with previously-taxed dollars Use monthly payments table. a. Person A, age 66, made no contributions to the pension plan and will receive a $1,300 monthly check for life, b. Person B, age 71, made contributions of $31,000 to the pension plan and will receive a monthly check of $2,900 for life. (Round your answers to 2 decimal places.) c. Person C, age 52, made contributions of $30,000 to the pension plan and will receive monthly payments of $2,500 over her life and the life of her 54-year-old husband. (Round your answers to 2 decimal places.) d. Person D, age 72, made contributions of $43,000 to the pension plan. He will receive quarterly payments of $5,500 over his life and the life of his 69-year-old wife. (Round your answers to 2 decimal places.) a Tax free portion Tax free portion Tax free portion c Tax free portion
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