OnyxJaxy OnyxJaxy

09-05-2024
Mathematics

Answered

Yvonne Rowley is 75 and has an IRA with a fair market value of $389,840.
a)
determine her required minimum distribution.

b) What penalty would she incur if she failed to take the
distribution?

c) What penalty would she incur if she had made an early withdrawal of $10,000 to pay off some
debts?

Answer :

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