Karl is scheduled to receive an annuity distribution of $10,000 from his pension plan in 2016.Due to his recent success in the stock market,he has requested that he receive only $5,000 in 2016.Because Karl will fail to receive the required annuity distribution in 2016,he is subject to a penalty of
A)$-0-
B)$500
C)$1,000
D)$2,500
E)$5,000

Question

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The Answer of Karl is scheduled to receive an annuity distribution of $10,000 from his pension plan in 2016.Due to his recent success in the stock market,he has requested that he receive only $5,000 in 2016.Because Karl will fail to receive the required annuity distribution in 2016,he is subject to a penalty of
A)$-0-
B)$500
C)$1,000
D)$2,500
E)$5,000

Karl Is Scheduled to Receive an Annuity Distribution of $10,000