Karl Is Scheduled to Receive an Annuity Distribution of $10,000

question 48

Multiple Choice

Karl is scheduled to receive an annuity distribution of $10,000 from his pension plan in 2013.Due to his recent success in the stock market,he has requested that he receive only $5,000 in 2013.Because Karl will fail to receive the required annuity distribution in 2013,he is subject to a penalty of

• A)$ -0-
• B)$ 500
• C)$1,000
• D)$2,500
• E)$5,000

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Definitions:

Protrusion

Something that sticks out or bulges beyond a surface or boundary.

Suffix

A morpheme added at the end of a word to alter its meaning or grammatical function.

Toward

In the direction of or closer to something.

Prefix

A word part added to the beginning of a root or base word to modify its meaning.