Series 6 - Investment Company And Variable Contracts Products Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

If an individual does not take a sufficient required minimum distribution from his IRA, the penalty incurred is:

6% of the amount that should have been withdrawn

A

10% of the amount that should have been withdrawn

B

25% of the amount that should have been withdrawn

C

50% of the amount that should have been withdrawn

D