Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

Exercise 23

Mark, who is single, must start making distributions from his pension plan beginning April 1, 2010. At the end of 2009 when Mark was 71 years old, the plan had a balance of $220,000. He will use a single life expectancy. What amount must Mark take as a distribution from the pension plan no later than April 1, 2010? a. $8,302.
B) $12,941.
C) $13,497.
D) $14,193.