At age 70 1/2, you are required to take a Required Minimum Distribution (RMD) from your I.R.A. account.   A friend of Mr. P's received from his bank a letter and a check for $751.44 for his RMD.
The letter stated that the bank automatically withholds 10% for Federal Income Tax Withholding.
So, how much was actually taken out of his I.R.A. account?

Solution to the Problem:

The answer is $834.93.
Let x = actual RMD before taxes.
Then x - .10x = 751.44
.9x = 751.44
x = 834.93.

Correctly solved by:

1. Steven R. Muller Clearbrook, Virginia
2. John Funk Ventura, California
3. Jacob Harmon Mountain View High School,
Mountain View, Wyoming
4. Dylan Martin Mountain View High School,
Mountain View, Wyoming
5. Levi Harmon Mountain View High School,
Mountain View, Wyoming