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Scott, Age 68, Has Accumulated $850,000 in a Defined Contribution

Question 36

Multiple Choice

Scott, age 68, has accumulated $850,000 in a defined contribution plan, $100,000 of which represents his own after- tax contributions.If the full amount is distributed in 2019, his early distribution penalty is:


A) $0.
B) $75,000.
C) $85,000.
D) $127,500.
E) None of these.

Correct Answer:

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