from his former employer's pension plan. Denis received the following Form 1099-R reporting the pension payments. Denis On January 1, 2021, Denis Dupont, a single taxpayer who was age 69 at the time, began receiving monthly retirement benefits did not receive any distributions before the annuity start date. There is no survivor beneficiary. Based on this information, what amount will Denis recover tax-free in 2021? (Answer choices are below the image.) PAYER'S name, street address, city or town, state or province, country. ZIP or foreign postal code, and telephone no. MARQUEE BRANDS 232 STRAWBRIDGE DRIVE YOUR CITY, YS XXXXX PAYER'S TIN XX-XXXXXXX RECIPIENT'S name DENIS DUPONT Street address (including apt. no.) 330 WEST 34TH STREET 10 Amount allocable to IRR within 5 years RECIPIENT'S TIN XXX-XX-XXXX City or town, state or province, country, and ZIP or foreign postal code YOUR CITY, YS XXXXX Account number (see instructions) 20500019963 Form 1099-R $0 $2,796 $21,204 $24,000 CORRECTED (if checked) 1 Gross distribution 24,000.00 $ 2a Taxable amount 13 Date of payment 6 Employee contributions/ Designated Roth contributions or insurance premiums 11 1st year of desig 12 FATCA fing 14 State tax withheld Roth contrib requirement $ 2b Taxable amount not determined 3 Capital gain (included in 4 Federal income tax bax 2a) withheld www..com/Farm1.09.98 RA SEPY SIMPLE SS OMB No. 1545-0119 2021 17 Local tax withheld S Form 1099-R Total distribution 2,400.00 6 Net unrealized appreciation in employer's securities 7 Distribution code(s) 7 Be Your percentage of total Bb Total employee contributions distribution %$ 48,930.00 15 State/Payer's state no. 16 State distribut YS/ 18 Name of locality 8 Other Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAS, Insurance Contracts, etc. Copy E Report thi income on you federal ta return. If thi form show federal incom tax withheld box 4, attac this copy your retus % This information being furnished the I 19 Local distribu Department of the Treasury Internal Revenue Se