Heather,age 48,is the sole remaining participant of a money purchase pension plan.The plan is terminated and a $240,000 taxable distribution is made to Heather.The early distribution penalty tax,if any,for 2016 is:
A)$0.
B)$12,000.
C)$24,000.
D)$30,000.
E)None of the above.

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The Answer of Heather,age 48,is the sole remaining participant of a money purchase pension plan.The plan is terminated and a $240,000 taxable distribution is made to Heather.The early distribution penalty tax,if any,for 2016 is:
A)$0.
B)$12,000.
C)$24,000.
D)$30,000.
E)None of the above.

Heather,age 48,is the Sole Remaining Participant of a Money Purchase