Jeanette (65) is a retired governmental employee. In 2018, she received pension payments from a Section 401(a)
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Jeanette (65) is a retired governmental employee. In 2018, she received pension payments from a Section 401(a) plan totaling $31,000. The amount she included in her federal adjusted gross income was $30.169. Her Maryland pension exclusion, computed using the Pension Exclusion Computation Worksheet (13A), is $21,600. Other than social security benefits, she did not receive any other retirement benefits during the year. What amount should Jeanette report as retirement income in Part 4 of Form 502R, Retirement Income?
a. $21,600
b. $30.169
c. $30.600
d. $31,000
Related Book For
Employment Law for Business
ISBN: 978-0077347383
6th Edition
Authors: Dawn Bennett Alexander, Laura p Hartman
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