Qualified pension plan of $40,000 per year starting this year.

I:9-94. Qualified pension plan of $40,000 per year starting this year. During his years of employment, Conner contributed $150,000 to the plan, and the total expected return based on his life expectancy is $200,000. This year, Conner will be taxed on what amount? A. $0 b. $10,000 c. $30,000 d. $40,000 b, p. I:9-30; Example I:9-57.