Sam Retired Last Year and Will Receive Annuity Payments for Life

Multiple Choice

Sam retired last year and will receive annuity payments for life from his employer's qualified retirement plan of $30,000 per year starting this year.During his years of employment,Sam contributed $130,000 to the plan on an after-tax basis.Based on IRS tables,his life expectancy is 260 months.This year,Sam will include what amount in income?

A) 0
B) $6,000
C) $24,000
D) $30,000