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Business, 16.08.2019 08:20 bryce59

Which of the following statements is true regarding taxpayers receiving distributions from traditional defined contribution plans? a a taxpayer who retires at age 71 in 2015 is required to pay a minimum distribution penalty if she does . not receive a distribution in 2015. b. the minimum distribution penalty is 30% of the amount required to have been distributed. ca taxpayer who receives a distribution from a retirement account before she is 55 years old is . subject to a 10% penalty on both the distributed and undistributed portions of her retirement account. d. taxpayers are not allowed to deduct either early distribution penalties or minimum distribution penalties

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