Question: Philippe, age 7 4 , single, forgot to take his required minimum distribution ( RMD ) for 2 0 2 3 . His account balance

Philippe, age 74, single, forgot to take his required minimum distribution (RMD) for 2023. His account balance on December 31,2022, was $260,000. On what amount is the excess accumulations penalty computed?
$9,811
$10,196
$10,569
$10,970

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