Carley, who turned age 72 on September 10th of 2021, owns 32 percent of Big Company, and is its current CEO. She has amassed $15 million in her qualified plan account as of December 31st of 2020 and $17 million as of December 31st of 2021. She has named her son, Simon (age 9 at the end of 2021), as her beneficiary. 1. What is the minimum distribution that Carley must receive for 2021? Answer: 2. If she only receives a distribution of $200,000 during 2021, then how much in penalties will she be required to pay for 2021?

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.