Question: Philippe, age 74, forgot to take his required minimum distribution (RMD) for 2021. His account balance on December 31, 2020, was $260,000. On what amount

Philippe, age 74, forgot to take his required minimum distribution (RMD) for 2021. His account balance on December 31, 2020, was $260,000. On what amount is the excess accumulations penalty computed

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