Karl is scheduled to receive an annuity distribution of $10,000 from his pension plan in 2013.Due to his recent success in the stock market,he has requested that he receive only $5,000 in 2013.Because Karl will fail to receive the required annuity distribution in 2013,he is subject to a penalty of
A)$ -0-
B)$ 500
C)$1,000
D)$2,500
E)$5,000

Question

Quizplus · Accepted Answer

The Answer of Karl is scheduled to receive an annuity distribution of $10,000 from his pension plan in 2013.Due to his recent success in the stock market,he has requested that he receive only $5,000 in 2013.Because Karl will fail to receive the required annuity distribution in 2013,he is subject to a penalty of
A)$ -0-
B)$ 500
C)$1,000
D)$2,500
E)$5,000

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