Multiple Choice
Heather, age 48, is the sole remaining participant of a money purchase pension plan. The plan is terminated and a $240,000 taxable distribution is made to Heather. The early distribution penalty tax, if any, for 2017 is:
A) $0.
B) $12,000.
C) $24,000.
D) $30,000.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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