Question: George ( 7 1 ) , a single taxpayer, began receiving a pension of $ 3 , 5 0 0 per month for life on

George (71), a single taxpayer, began receiving a pension of $3,500 per month for life on May 1,2011. He has after-tax contributions in the plan. His 2023 Form 1099-R is shown below. Box 2a is blank. Which of the following statements is correct?
Answer choices are below the image.
$42,000 is taxable.
George is subject to a 10% additional tax.
None of George's distribution is taxable.
The taxable distribution is figured using the Simplified Method Worksheet.

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