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Pat is a participant in a qualified pension plan. She retires on January 1, 2014,...

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Accounting

Pat is a participant in a qualified pension plan. She retires on January 1, 2014, at age 63, and receives pension payments beginning in January 2014. Her pension payments, which will be received monthly for life, amount to $1,000 per month. Pat contributed $30,000 to the pension plan on a pre-tax rate (or tax-deferred) basis, and the number of anticipated payments based on Pat

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