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A person at retirement is expected to receive a fully

A person at retirement is expected to receive a fully taxable Lump-Sum distribution of $245,000. What will be the effective tax rate on this distribution based on 10 year Forwarding Average rate? Use 1986 Income Tax Rate Table for Ten Year Averaging Calculation.

A. 20.96%

B. 20.86%

C. 20.11%

D. 20.50%

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Financial Management: A person at retirement is expected to receive a fully

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Financial Management: A person at retirement is expected to receive a fully

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