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For 2023, Michael was supposed to take an RMO 252000. He scheduled the amoun through a phoce app and accidentally took only $1,000. Which of

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For 2023, Michael was supposed to take an RMO 252000. He scheduled the amoun through a phoce app and accidentally took only $1,000. Which of the following statements is true? Michael can take the other 51,000 with his next RMO without penality Michael wil owe a 50% excise tax on the $1,000 not taken Michael will owe a 25% excise tax on the 51,000 not token Michael wil owe a 10% pendity on the entire $2000 RMiD required

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