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.
When you receive quotations for immediate and deferred income annuities, you will notice a section listing the taxable portion of your annuity payment. If you'd like to understand how the insurance company determines which portion of your payments should be taxable, I can walk you through an example.