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Martin retired in May 2011.

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 calculate 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?

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