A phosphate group is removed from ATP to form ADP. A phosphate group is removed from ATP to form ADP.
If you invest in a retirement annuity that is not part of an employer-sponsored program or a commonly recognized retirement program, you may have Pennsylvania taxable income when you begin receiving annuity payments.
1 If the annuity was not purchased as part of a qualified retirement program such as an IRA, 401(k), TSA, or 457 plan, income taxes are paid on the earnings when money is ultimately paid out. 2  If the annuity is part of a qualified plan the entire fund is subject to income taxes as it is withdrawn.