Multiple Choice
Karl is scheduled to receive an annuity distribution of $10,000 from his pension plan in 2017.Due to his recent success in the stock market,he has requested that he receive only $5,000 in 2017.Because Karl will fail to receive the required annuity distribution in 2017,he is subject to a penalty of
A) $-0-
B) $500
C) $1,000
D) $2,500
E) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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