Mark Is Single and Must Start Making Distributions from His

question 95

Multiple Choice

Mark is single and must start making distributions from his traditional IRA beginning April 1, 2015. At the end of 2014 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, 2015?

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

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Definitions:

Depression

A mood disorder that causes a persistent feeling of sadness and loss of interest, affecting how one feels, thinks, and handles daily activities.

Internal

Pertaining to or situated within something; inner, especially referring to processes or phenomena occurring within an entity or organism.

Stable

Referring to a condition or situation that is not undergoing significant change or variation and is steady or unchanging over time.

Global

Pertaining to or involving the entire world; worldwide in scope or application.