Sean (age 74 at end of 2017)retired five years ago.The balance in his 401(k)account on December 31,2016 was $1,700,000 and the balance in his account on December 31,2017 was $1,750,000.In 2017,Sean received a distribution of $50,000 from his 401(k)account.Assuming Sean's marginal tax rate is 25 percent,what amount of the $50,000 distribution will Sean have left after paying income tax on the distribution and paying any minimum distribution penalties (use the IRS table below in determining the minimum distribution penalty,if any).
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