Retired Taxpayers Over 59½ Years of Age at the End

question 39

True/False

Retired taxpayers over 59½ years of age at the end of the year must receiverequired minimum distributions from defined contribution plans or they are subject to a penalty.

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Definitions:

Stepwise Regression

A method of fitting regression models in which the choice of predictive variables is carried out by an automatic procedure, entering and removing predictors based on specific criteria.

Independent Variable

A variable in an experiment or statistical model whose variation influences another variable's (dependent variable) outcomes.

Sample Regression Equation

A formula that estimates the relationship between a dependent variable and one or more independent variables, based on sample data.

Intercept

The value of the dependent variable when all independent variables are equal to zero in a regression equation.