Mark will celebrate his 80th birthday in May of this year. What is the amount of Mark's required minimum distribution by December 31 of this year if the account balance in his 401(k) is $300,000 as of the end of last year, and $275.000 at the beginning of this year? The factors from the uniform lifetime table for age 79, 80, and 81 are 19.5, 18.7, and 17.9 respectively.

Mark will celebrate his 80th birthday in May of this year. What is the amount of Mark's required minimum distribution by December 31 of this year if the account balance in his 401(k) is $300.000 as of the end of last year, and $275.000 at the beginning of this year? The factors from the uniform lifetime table for age 79, 80, and 81 are 19.5. 18.7 and 17.9 respectively. 514 21.300 327.33