Distributions from a retirement plan are not subject to a 10% additional tax in each of the following instances except when
A) The distribution is used to pay for medical expenses above the 10% AGI threshold.
B) The distribution is made to pay an IRS tax levy on the plan.
C) The distribution is made to an employee or retiree on or after age 59½.
D) The distribution is paid to an employee to be used to pay health insurance premiums.
Correct Answer:
Verified
Q93: All of the following are employer-sponsored plans
Q94: Which of the following statements is incorrect?
A)To
Q95: Employees age 50 or over can contribute
Q96: Patrick is age 30,single,and has AGI of
Q97: Which of the following statements regarding a
Q99: Which of the following statements is incorrect?
A)Annuity
Q100: At the end of 2014,Erin was 73
Q101: Harriett is age 52,married,and reported AGI of
Q102: Which of the following statements regarding a
Q109: Exam Company provides a SIMPLE plan for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents