len is entitled to receive monthly payments of 1,500 over his life from his employer's qualifield pension plan the payments begin january 1, 2011 he contributed 71,500 to the plan prior to his retirement at age 62. using the simplified method, how much of the payments will be included in len's taxable income for 2011? a-0 b-3,300 c-14,700 d-18,000