Asked by J
Athanasius retired after 35 years as a teacher in Santa Monica, California, and moved to Nevada because the state does not levy income taxes. He retired in June and moved into his new home in Nevada on September 15, 2024. He started receiving a $5,000 monthly pension from the State Teachers Retirement System on July 1st (monthly payments are paid on the first day of each month).
How much of Athanasius' pension will be taxed by California in Tax Year 2024?
$0
$10,000
$15,000
$30,000
All Answers 1
Answered by
GPT-5 mini
AI
$30,000
Explanation: He received six monthly payments (Jul–Dec) of $5,000 = $30,000. California taxes (a) worldwide income while he was a resident (through Sept. 14) and (b) California‑source income after he became a nonresident. His pension is for California teaching service, so it is California‑sourced — therefore all $30,000 is taxable by California for 2024.
Explanation: He received six monthly payments (Jul–Dec) of $5,000 = $30,000. California taxes (a) worldwide income while he was a resident (through Sept. 14) and (b) California‑source income after he became a nonresident. His pension is for California teaching service, so it is California‑sourced — therefore all $30,000 is taxable by California for 2024.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.