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 2017 is:
A)$0.
B)$12,000.
C)$24,000.
D)$30,000.
E)None of the above.

Question

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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 2017 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