Mark is single and must start taking distributions from his traditional IRA beginning April 1, 2019. At the end of 2018 when Mark was 71 years old, the IRA had a balance of $110,000. What amount must Mark take as a distribution from the IRA by April 1, 2019? $4,151. $6,748. $7,190. $4,297
Mark is single and must start taking distributions from his traditional IRA beginning April 1, 2019. At the end of 2018 when Mark was 71 years old, the IRA had a balance of $110,000. What amount must Mark take as a distribution from the IRA by April 1, 2019? $4,151. $6,748. $7,190. $4,297
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Mark is single and must start taking distributions from his traditional IRA beginning April 1, 2019. At the end of 2018 when Mark was 71 years old, the IRA had a balance of $110,000. What amount must Mark take as a distribution from the IRA by April 1, 2019?
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$4,151. |
||
|
$6,748. |
||
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$7,190. |
||
|
$4,297. |
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