Mark, who is single, must start making distributions from his pension plan beginning April 1, 2022. At
Question:
Mark, who is single, must start making distributions from his pension plan beginning April 1, 2022. At the end of 2020 when Mark was 71 years old, the plan had a balance of $220,000. He will use a single life expectancy. What amount must Mark take as a distribution from the pension plan no later than April 1, 2022?
a. $8,302.
b. $8,594.
c. $8,907.
d. $14,193.
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Related Book For
Fundamentals Of Taxation 2022
ISBN: 9781264209408
15th
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander
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