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Martin retired in May 2011. His pension is $ 1000 per month from a qualified retirement plan to which is added $48000 and to which his employer added $ 12000 Martins life expectancy from the IRS is mortality tables is ten years, and through 2011 he received total payments of $8000 from the plan.
1 using the general rule evaluate Martin's taxable income for 2011 from the retirement plan and distributions
2 If martin's contributions to plan had been $25000 instead of $48000 how much taxable income would he have to report in2011 from plan distribution?
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