Mark Is Single and Must Start Making Distributions from His

question 64

Multiple Choice

Mark is single and must start making distributions from his traditional IRA beginning April 1,2014.At the end of 2013 when Mark was 71 years old,the IRA had a balance of $110,000.What amount must Mark take as a distribution from the IRA by April 1,2014?

• A) $4,151.
• B) $4,297.
• C) $6,748.
• D) $7,190.

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Definitions:

Hopelessness

A feeling or state of despair when an individual believes there are no solutions to their problems or situation.

Rational Emotive Therapy

A form of psychotherapy created by Albert Ellis, focusing on identifying and changing irrational beliefs that lead to emotional and behavioral issues.

Nondirective Therapy

Any type of psychotherapy in which the therapist allows the direction of the therapy sessions to be controlled by the client; an example is person-centered therapy.

Rational Emotive Therapy

A form of cognitive-behavioral therapy focusing on changing irrational beliefs and cognitive processes that lead to emotional and behavioral issues.