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ch of the following statements is true regarding taxpayers receiving distributions from traditional defined contribution...

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Accounting

ch of the following statements is true regarding taxpayers receiving distributions from traditional defined contribution plans?
Multiple Choice
A taxpayer who retires at age 73 in 2024 must pay a required minimum distribution penalty if she does not receive a distribution in 2024.
The required minimum distribution penalty is 25 percent of the amount required to have been distributed.
A taxpayer who receives a distribution from a retirement account before she is 55 years old is subject to a 10 percent penalty on both the distributed and undistributed portions of her retirement account.
Taxpayers are not allowed to deduct either early distribution penalties or required minimum distribution penalties.

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