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Business, 15.11.2019 04:31 BookiesBaby8533

On april 30, janet, age 42, received a distribution from her qualified plan of $150,000. she had an adjusted basis in the plan of $500,000 and the fair market value of the account as of april 30 was $625,000. calculate the taxable amount of the distribution and any applicable penalty.

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On april 30, janet, age 42, received a distribution from her qualified plan of $150,000. she had an...
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