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Austin decides to open a new IRA with his broker and wants to roll over all the funds that are in his IRA at his
Austin decides to open a new IRA with his broker and wants to roll over all the funds that are in his IRA at his bank. The current IRA is worth $200,000 and will be considered a direct transfer rollover. How much will the bank withhold from the distribution before it rolls over the funds
A. 0
B. $10,000
C. $20,000
D. $40,000
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Essentials Of Health Care Finance
Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
