Question 28 1 pts 28. Barry, who was age 56, had just been called into the President's office at Napa Sunrise, Inc. on October 12, 2020 and learned that his position has been eliminated in the recent reorganization. Unfortunately, he was devastated and was hit by a beer truck while crossing the street in front of his office. He named his son, Ben, as his beneficiary. Ben had just turned 26 years old and is in college at Loyola University, in New Orleans. Barry's account balance at the time of his death was $500,000. Which of the following is correct? O a. Ben can take out 50 percent of the value of the account the first year after death. O b. Ben's only choice for complying with the minimum distribution rules is to take out the entire balance over a five-year period. O c. If Ben does not take out a distribution within the first two years, he will be subject to a penalty. d. Ben could take distributions over his life expectancy, as determined from the single life table. U Question 29 1 pts 29. In 2020, Debra, age 35, inherited a traditional IRA from her Mom, Marilyn. Which life expectancy table would Debra use to determine the period over which to take her minimum distributions? O a. Single Life Expectancy Table. O b. Uniform Lifetime Table. O c. Joint Life Expectancy Table. O d. Debra cannot take distributions over her lifetime. Question 28 1 pts 28. Barry, who was age 56, had just been called into the President's office at Napa Sunrise, Inc. on October 12, 2020 and learned that his position has been eliminated in the recent reorganization. Unfortunately, he was devastated and was hit by a beer truck while crossing the street in front of his office. He named his son, Ben, as his beneficiary. Ben had just turned 26 years old and is in college at Loyola University, in New Orleans. Barry's account balance at the time of his death was $500,000. Which of the following is correct? O a. Ben can take out 50 percent of the value of the account the first year after death. O b. Ben's only choice for complying with the minimum distribution rules is to take out the entire balance over a five-year period. O c. If Ben does not take out a distribution within the first two years, he will be subject to a penalty. d. Ben could take distributions over his life expectancy, as determined from the single life table. U Question 29 1 pts 29. In 2020, Debra, age 35, inherited a traditional IRA from her Mom, Marilyn. Which life expectancy table would Debra use to determine the period over which to take her minimum distributions? O a. Single Life Expectancy Table. O b. Uniform Lifetime Table. O c. Joint Life Expectancy Table. O d. Debra cannot take distributions over her lifetime