Scott,age 68,has Accumulated $850,000 in a Defined Contribution Plan,$100,000 of Which

question 99

Multiple Choice

Scott,age 68,has accumulated $850,000 in a defined contribution plan,$100,000 of which represents his own after-tax contributions.If the full amount is distributed in 2012,his early distribution penalty is:

• A) $0.
• B) $75,000.
• C) $85,000.
• D) $127,500.
• E) None of the above.

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