Sean (age 72 at end of 2020)retired five years ago. The balance in his 401(k)account on December 31, 2019, was $1,760,000 and the balance in his account on December 31, 2020, was $1,825,000. In 2020, Sean received a distribution of $65,000 from his 401(k)account(not a coronavirus-related distribution). Assuming Sean's marginal tax rate is 25 percent, what amount of the $65,000 distribution will Sean have left after paying income tax on the distribution and paying any minimum distribution penalties (use the Treasury table below in determining the required minimum distribution penalty, if any).
Definitions:
Criminal Investigator
A professional who is tasked with examining crimes to gather facts and evidence to solve them and identify the perpetrators.
Causal Reasoning
The process of identifying and evaluating the reasons or factors that cause certain effects, outcomes, or situations.
Empirical
Based on, concerned with, or verifiable by observation or experience rather than theory or pure logic.
Extraneous Factors
Elements outside of the immediate framework of an experiment or study that can influence its outcome or the interpretation of data.
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