The next column contains a simplified annuity table for employee annuity contracts that start after November18, 1996.

Age of Primary Annuitant	Number of
on the Annuity Starting Date	Anticipated Payments
55 and under	360
56-60	310
61-65	260
66-70	210
71 and over	160

Mr.Jones, age 74, retired on May 31 of the current year and receives a monthly pension benefit of $800 payable for life. The first pension check was received on June15 of the current year. During his years of employment, Mr.Jones contributed $27,200 to the cost of his company's pension plan. How much of the pension amounts received may Mr.Jones exclude from taxable income in the current year?

$1,190

$5,600

$1,360

$4,410