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  3. max was supposed to take an rmd of $2,558 but only

Max was supposed to take an RMD of $2,558 but only took an RMD equal...

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Question

Accounting

Max was supposed to take an RMD of $2,558 but only took an RMD equal to $500. How much excise tax will he pay?

$123.

$206.

$515.

$1,029.

Answer & Explanation Solved by verified expert
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