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Mit, who turned 70 1/2 on June 10th of 2019, owns 32% of Big Company...

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Finance

Mit, who turned 70 1/2 on June 10th of 2019, owns 32% of Big Company and is its current CEO. he has amassed $15 million in his qualified plan account as of December 31 of 2018 and $17 million as of December 31 of 2019. He has named his grandson Collin (age 9 at the end of 2019) as his beneficiary.

1. What is the minimum distribution that Mit must receive for 2019?

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