Homework Answers
Answer (a):
Jason turned 70.5 years in October of 2014. Jason must take required minimum distribution before April 1, 2015.
Answer (b):
Amount of distribution = Balance as on Dec 31, 2014 / Factor for age 70.5 years based lifetime table
= 250000 /27.4
= $9124
Amount of distribution = $9,124
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