Complete the table. 1. IRA Fair Market Value Penalty If Not Withdrawn b. b. Amount Penalty Withdrawn for Early Age Requi
Posted: Thu May 19, 2022 12:19 am
Complete the table. 1. IRA Fair Market Value Penalty If Not Withdrawn b. b. Amount Penalty Withdrawn for Early Age Required Minimum Distribution at Age 55 Withdrawal $50,000 $5,000 73 a. $35,000 $3,500 72 a. $10,000 a. 74 b. $35,000 a. 80 b. -0- a. 77 b. $23,780 a. 71 b. $260,000 $546,000 $186,400 $418,680 5328,840 $284,348 c. CH C Complete the problem. 2 Nonn Beck tn 80 and has an IRA with a fnir market value of $350,000, Use the Uniform Life Table on p 17 to determine her required minimum distribution, b) What pernity would het ineur if she failed to take the distribution?) What penalty would she incur if she had made an early withdrawal of $20.000 to pay for her grandchild's college education?