Which of the Following Statements Is True of a Distribution

question 16

Multiple Choice

Which of the following statements is true of a distribution rollover (not a trustee-to-trustee transfer) from a retirement plan?

• A)The taxpayer must instruct the trustee of the retirement plan to transfer assets to the trustee of another plan.
• B)No withholding is required.
• C)In one year, there is no limit to the number of times a taxpayer can request a distribution rollover from one IRA to another IRA.
• D)Assuming there are no unusual events, the taxpayer has a maximum of 60 days in which to transfer funds to a new plan to avoid current taxes and penalties.
• E)All of the above are true.

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Definitions:

Direct Subjective

An approach or assessment that is based on personal opinions, feelings, or attitudes without objective measurement.

Staffing Procedures

Processes and activities involved in identifying, attracting, evaluating, and hiring employees to fill job vacancies within an organization.

Objective Performance

Measurement based on fact, free from bias, and quantifiable in terms of outcome or achievement in a person's job role.

Subjective Measures

Methods of assessment based on personal opinions, interpretations, points of view, or judgments rather than objective data or criteria.