Exam (elaborations)
13-33 Missed Test Questions & Answers 100% Correct!!
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An IRA uses immediate annuities to pay out benefits; the IRA owner is 75 when he decides to collect distributions. What kind of penalty would the IRA owner pay? - ANSWER50% tax on the amount not distributed as required (When immediate annuities are used to pay IRA benefits, distributions must beg...
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