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Trevor, a 35 yr single taxpayer, contributed $25000 to a commercial annuity in 2014. the annuity is a nonqualified plan. In 2018, before the annuity

Trevor, a 35 yr single taxpayer, contributed $25000 to a commercial annuity in 2014. the annuity is a nonqualified plan. In 2018, before the annuity start date, Trevor took $2500 nonperiodic distribution and used the money to pay off his credit card debt. If the value of the annuity at the time of the distribution was $30000, how much of the distribution is taxable. 1.$417 2. $500 3. $2500

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