Question
9. Kim has worked for one employer her entire career. While she was working, she participated in the employers defined contribution plan [traditional 401(k)]. At
9. Kim has worked for one employer her entire career. While she was working, she participated in the employers defined contribution plan [traditional 401(k)]. At the end of 2017, Kim retires. The balance in her defined contribution plan is $2,000,000 at the end of 2016. (Use Exhibit 13-3.) (Leave no answer blank. Enter zero if applicable.)
enter the required values in the appropriate fields for form 5329
EXHIBIT 13-3 Abbreviated Uniform Lifetime Table
Age of Participant | Distribution Period | Applicable Percentage |
70 | 27.4 | 3.65% |
71 | 26.5 | 3.77 |
72 | 25.6 | 3.91 |
73 | 24.7 | 4.05 |
74 | 23.8 | 4.20 |
75 | 22.9 | 4.37 |
76 | 22.0 | 4.54 |
77 | 21.2 | 4.72 |
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