IRS Notice $2022-6$ provided additional guidance concerning substantially equal periodic payments $($SEPPs$)$ from qualified plans. One of the more significant changes provided by this IRS guidance was giving the taxpayer the option of selecting a reasonable interest rate for the SEPP's calculation $($amortization method or annuitization method$)$ which is not more than the greater of i$)120\%$ of the applicable federal mid$-$term rate, or ii$)$ five percent.

Question $13$ options:

a$)$ Trueb$)$ False