Zeke, age 63, is a participant in a qualified plan whereby he is to receive...
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Accounting
Zeke, age 63, is a participant in a qualified plan whereby he is to receive $2,000 per month for an expected period of 25 years. Zeke's adjusted basis in the qualified plan is $200,000. Zeke asked you what amount of each annuity payment is subject to income tax. He is in the 20% tax rate.
$666
$1,334
$333
$2,000
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