Question
In 2023, if a required minimum distribution (RMD) of $4,000 is not taken, and no action is taken during the correction window, an excise tax
In 2023, if a required minimum distribution (RMD) of $4,000 is not taken, and no action is taken during the correction window, an excise tax of what amount applies to the excess accumulation?
A. $1,000 B. $2,000 C. $3,000 D. $4,000
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
