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Dana,age 48,is the Sole Remaining Participant of a Money Purchase

Question 89

Multiple Choice

Dana,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 Dana.The early distribution penalty tax,if any,for 2012 is:


A) $0.
B) $12,000.
C) $24,000.
D) $30,000.
E) None of the above.

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