Balance in traditional ira, Accounting Basics

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Balance in traditional ira

Lindsey, who is retired, reaches age 70 1/2 in 2013, and she will also be age 71 in 2013. She has a $240,000 balance in her traditional IRA. If her life expectancy is 15.3 years, what distribution, if any, must be made by April 1, 2014?

a. $0.

b. $15,686.

c. $31,373.

d. $240,000.

e. None of the choices.

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Accounting Basics: Balance in traditional ira

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Accounting Basics: Balance in traditional ira

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Recent Questions Asked Accounting Basics

Q : Gain or loss from transaction

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Balance in traditional ira

Reference No:- TGS039944

Recent Questions Asked Accounting Basics

Q : Gain or loss from transaction

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Q : Forward price of contract-annual compounding

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