DallyW123528 DallyW123528

28-10-2022
Mathematics

Answered

7. Lois Boone started contributing $4,000 annually to aRoth IRA at an early age. Now that she is 73, the fairmarket value of her IRA is $1,342,863.a. What is her required minimum distribution?b. What penalty would she pay if she failed to take herminimum required distribution?c. If she had taken an early withdrawal of $7,500 to payfor a vacation, what penalty would she have paid?

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