Hello Vjvgoe please help with this question. This is a taxation for individuals course and I am having trouble with computation.
Ian retired in June 2015 al the age at 69 [he tun-red 70 in August 2015). Ian's retirement account was valued at $315,000 attire and of 2014 and $320,000 at the end of 2015. He has had all of his retirement accounts open for 15 years. What ll Ian's required minimum distnbution for 2016 under each of the following slliemative scenarios?I (Use Exhibit 13-3.) (Leave no answer blank. Enter zero If applicable.) a. Ian's retirement account is a traditional 401(k) sooounl. h. Ian's retirement amount is a Roth 401(k) account. c. Ian's retirement account is a traditional IRA. d. Ian's retirement account is a Roth IRA. References eanlr 8. Resources Learning Objective: 13-02 Explain and Laaming Objective: 13-05 Describe retirement savings options availabte to aetf-empioyed determine the taxoonsequenoes associated tenants and compute the limitations for deductible condi'dutions to retirement accounts for with employer-provided dened mntrbution self-employed taxpayers. plans. including tradlonal 401(k) and Rath Comprehensive Problem EXHIBIT 13-3 Abbreviated Uniform LifetimeTable Age of Participant Distribution Period Applicable Percentage\" Ian retired in June 2015 at the age of 69 {he turned 70 in August 2015). Ian's retirement account was valued at $315,000 at the end of 2014 and $320,000 at the end of 2015. He has had all of his retirement accounts open for 15 years. What is Ian's required minimum distribution for 2016 under each of the following alternative scenarios? (Use Exhibit 13-3.) (Leave no answer blank. Enter zero if applicable.) 3. Ian's retirement account is a traditional 401(k) account. Answer Is complete but not entlrely correct $ 11mm b. Ian's retirement account is a Roth 401(k) account. Answer Is complete but not entlrely correct $ 11mm c. Ian's retirement account is traditional IRA. Answer Is complete but not entirely correct $ \"max d. Ian's retirement account is a Roth IRA. Answer Is complete and cornect $ 0 . Ian retired in June 2015 at the age of 69 {he turned 70 in August 2015). Ian's retirement account was valued at $315,000 at the end of 2014 and $320,000 at the end of 2015. He has had all of his retirement accounts open for 15 years. What is Ian's required minimum distribution for 2016 under each of the following alternative scenarios? (Use Exhibit 13-3.) (Leave no answer blank. Enter zero if applicable.) 3. Ian's retirement account is a traditional 401(k) account. Answer Is complete but not entlrely correct $ 11mm b. Ian's retirement account is a Roth 401(k) account. Answer Is complete but not entlrely correct $ 11mm c. Ian's retirement account is traditional IRA. Answer Is complete but not entirely correct $ \"max d. Ian's retirement account is a Roth IRA. Answer Is complete and cornect $ 0
