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What penalty he incur if he failed to take distribution

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Reference no: EM133183856

Question - William Hooper is 75 and has an IRA with a fair market value of $238,650.

a) What penalty would he incur if he failed to take the distribution?

b) What penalty would he incur if he had made an early withdrawal of $5,000 to pay off some debts?

Reference no: EM133183856

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