At the end of 2016, Erin was 74 years old and her traditional IRA had a balance of $300,000. She properly withdrew $12,605 from her IRA in 2017, which was the first year she took a withdrawal. In 2017, her IRA assets earned $37,500. What amount must Erin take as a distribution from her IRA in 2018?
A. $13,651.
B. Some other amount.
C. $14,768.
D. $14,187.
Answer: C
Business
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