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Chrome File Edit View History Bookmarks People Window Help Home . D Realize Your Potential: H&R; B/X Secure https://hrblock.csod.com/Evaluations/EvalLaunch.aspx?loid= Mark for follow up Question 3 of 50 What is the penalty for not taking the required minimum distribution by the deadline? The amount not distributed is assessed a 10% penalty. O The taxpayer is not eligible to contribute to a traditional IRA for three years. The amount not distributed is assessed a 50% penalty. The taxpayer may not claim the Savers Credit for three years. O Mark for follow up Question 4 of 50. from a cnnsulting business. She also rece

Explanation / Answer

Answer is C

the amount not distributed is assessed a 50% penalty.

If an account owner fails to withdraw a RMD, fails to withdraw the full amount of the RMD, or fails to withdraw the RMD by the applicable deadline, the amount not withdrawn is taxed at 50

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