New York University FINC-GB FINC-GB 6744 How is the excise tax calculated when failing to take 401K minimum…
How is the excise tax calculated when failing to take 401K minimum required distributions?
Group of answer choices
50% of the actual distribution.
50% of the difference between the minimum required distribution and the actual distribution.
There is no excise tax on minimum required distributions.
50% of the minimum required distribution.
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