Roberta Bowser, who is age 65 and a calendar-year taxpayer, on January 1, 2020 began receiving $1,200 per month from her employer's annuity. During the time she worked, she had contributed $65,000 toward the annuity and received 12 monthly payments for the year 2020. For your calculations, use the information provided below pulled from a Simplified Annuity Table for employee annuity contracts that start after November 18, 1996. Age of Primary Annuitant on Annuity Starting Date 55 & less, Number of Anticipated Payments = 360; Age of Primary Annuitant on Annuity Starting Date 56-60, the Number of Anticipated Payments = 310; Age of Primary Annuitant on Annuity Starting Date 61-65, the Number of Anticipated Payments = 260; Age of Primary Annuitant on Annuity Starting Date 66-70 , the Number of Anticipated Payments = 210; Age of Primary Annuitant on Annuity Starting Date 71 and over, Number of Anticipated Payments = 160 How much of this annuity is INCLUDED in Roberta's gross income for the year 2020?

		$14,400
		$11,400
		$3,000
		$0