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Donald turns 72 this year. He owns 10% of BCB Company. He had accumulated $5 million in BCB's stock bonus plan as of December 31
Donald turns 72 this year. He owns 10% of BCB Company. He had accumulated $5 million in BCB's stock bonus plan as of December 31 of last year. His account will be worth $5.5 million as of December 31 this year.
What is the required minimum distribution (RMD), if any, that Donald must withdraw for this year? His divisor from the Uniform Lifetime Table (Table III) is 27.4. His wife is seven years younger than Donald. The Table II divisor is 36.2.
a.
$0.
b.
$138,122.
c.
$200,730.
d.
$182,482.
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