Mikalos and Svetlana are married. On January 1st of this year, Mikalos was 74 years old...
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Mikalos and Svetlana are married. On January 1st of this year, Mikalos was 74 years old and Svetlana was 58 years old. Mikalos established a non-qualifying RRIF three years ago at which time he requested that his annual minimum withdrawals are to be based on Svetlana's age. If the fair market value of Mikalos' RRIF on January 1st of this year was $425,000 and the minimum RRIF withdrawal percentage for a 74-year old is 7.71%, what is the minimum amount Mikalos must withdraw from his RRIF before the end of the year? O a) $13,281.25 Ob) $17,466.32 Oc) $26,562.50 O d) $32,767.50 Mikalos and Svetlana are married. On January 1st of this year, Mikalos was 74 years old and Svetlana was 58 years old. Mikalos established a non-qualifying RRIF three years ago at which time he requested that his annual minimum withdrawals are to be based on Svetlana's age. If the fair market value of Mikalos' RRIF on January 1st of this year was $425,000 and the minimum RRIF withdrawal percentage for a 74-year old is 7.71%, what is the minimum amount Mikalos must withdraw from his RRIF before the end of the year? O a) $13,281.25 Ob) $17,466.32 Oc) $26,562.50 O d) $32,767.50
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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