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Upon termination of service, for which type of qualified plan may the employee may choose any of the following distribution methods: - lump sum distribution
Upon termination of service, for which type of qualified plan may the employee may choose any of the following distribution methods: - lump sum distribution - rollover plan assets to IRA or other qualified plan, or - purchase annuity Simple IRA Defined-benefit pension Cash balance pension plan Profit sharing plan Money purchase plan Question 9 1pts Donna turned 73 on January 7 th in 2022 . Her profit-sharing account balance was $100,000 at the end of Year 2021. What is the RMD that she needs to take in 2022 to avoid an excise tax? $3,774 $1,576 $2,036 $4,048 Upon termination of service, for which type of qualified plan may the employee may choose any of the following distribution methods: - lump sum distribution - rollover plan assets to IRA or other qualified plan, or - purchase annuity Simple IRA Defined-benefit pension Cash balance pension plan Profit sharing plan Money purchase plan Question 9 1pts Donna turned 73 on January 7 th in 2022 . Her profit-sharing account balance was $100,000 at the end of Year 2021. What is the RMD that she needs to take in 2022 to avoid an excise tax? $3,774 $1,576 $2,036 $4,048
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