Mark Is Single and Must Start Taking Distributions from His

question 6

Multiple Choice

Mark is single and must start taking distributions from his traditional IRA beginning April 1,2016.At the end of 2015 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 1,2016?

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

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Definitions:

Objectivity

The quality of being unbiased, fair, and impartial; an essential aspect of scientific research and clinical assessment.

Acceptance

The act of receiving something offered, favorably regarding something, or the acknowledgment of reality without an attempt to change it.

ACT

Acceptance and Commitment Therapy, a form of psychotherapy that encourages individuals to embrace their thoughts and feelings rather than fighting or feeling guilty for them.

Awareness

The state of being conscious of something, including understanding and sensitivity to certain issues.