Retirement plan and distributions

Reference no: EM1310526

Martin retired in May 2011. His pension is $1000 per month from a qualified retirement plan to which is contributed $48000 and to which his employer contributed $ 12000 Martins life expectancy from the IRS is mortality tables is ten years, and during 2011 he received total payments of $8000 from the plan.

1. Using the general rule calculates Martin's taxable income for 2011 from the retirement plan and distributions

2. If martin's contributions to the plan had been $25000 instead of $48000 how much taxable income would he have to report in2011 from the plan distribution?

Reference no: EM1310526

Questions Cloud

Alternative market coverage strategies : Describe the different approaches in the undifferentiated marketing, differentiated and concentrated. Then imagine compete with Starbucks, the marketing manager of a new high-end coffee shop.

Effective leader resembling orchestra conductor : The effective leader resembles an orchestra conductor in many ways.

How to do analysis of financial performance using financial : How to do Analysis of Financial performance using financial ratios and Compare and contrast the financial performance of the two companies

Forest owner in a developing country claims that he earns : A forest owner in a developing country claims that he earns more m1y with carbon sequestration than with timber production.

Retirement plan and distributions : Using the general rule calculates Martin's taxable income for 2011 from the retirement plan and distributions

Creating a new domain tree root checkbox : In case, I select the “Create a new domain tree root checkbox” in place of the “Create a new child domain checkbox”, how would configuration of the forest be different?

Why do firms ever ease their credit policies : Since easing credit policy generally lengthens the collection period and worsens the aging schedule, why do firms ever ease their credit policies?

Explain how many coupons would it is rational : If he is an expected utility maximize who tries to maximize the expected value of ln W, where ln W is the natural log of his wealth, Explain how many coupons would it is rational for him to buy.

Hypothetical research study : Write a research report based on hypothetical research study. Conducting research and writing report is common practice for numerous students and practitioners in any of the behavioral sciences fields.

User Account

All Pages