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| Jon Moseley, who retired on October 31, 2012, receives a monthly pension benefit of $900 payable for life. His life expectancy at the date of retirement is 20 years. The first payment was received on November 15, 2012. During his years of employment, Moseley contributed $24,000 to the cost of his company’s pension plan. How much of the pension amounts received may Moseley exclude from taxable income for the years 2012, 2013, and 2014? A. $1,800 in 2012, $10,800 in 2013, and $10,800 in 2014. B. $1,800 in 2012, $1,800 in 2013, and $1,800 in 2014. C. $0 in 2012, $0 in 2013, and $0 in 2014. D. $200 in 2012, $1,200 in 2013, and $1,200 in 2014. |