Penalty tax for premature distributions

Assignment Help Financial Management

Reference no: EM131883678

1. Which of the following distributions from a qualified plan would be subject to the 10% penalty tax for premature distributions?

a. Annual payments of $10,000 made over the employee's lifetime, beginning after the date of separation from service.

b. An in-service distribution of $100,000 to an employee who is 55 years of age.

c. Payments to a former spouse under a qualified domestic relations order.

d. Payments resulting from an employee's disability prior to age 59-1/2.

2. From a tax perspective, which of the following is not an allowable deduction for a charitable contribution?

a. Income tax deduction.

b. Estate tax deduction.

c. Generation-skipping tax deduction.

d. Gift tax deduction.

Reference no: EM131883678

Questions Cloud

Semiannual bond is reporting convenience : A YTM of 6% for a semiannual bond is a reporting convenience. It implies the actual 6 month return is 3%.

Describe the returns on common stocks : Consider an economy where two factors are sufficient to describe the returns on common stocks.

What is the portfolio equilibrium expected return : According to APT, what is the portfolio's equilibrium expected return?

A forward pe is generally based on the projected : Which of the following characteristics are are not shared by a SEP and a SIMPLE plan? A forward PE is generally based on the projected:

Penalty tax for premature distributions : Which of the following distributions from a qualified plan would be subject to the 10% penalty tax for premature distributions?

What is the npv of switching to a credit policy : Edgeworth Co. has an all-cash policy and sells 50 units per month at $920 a unit. What is the NPV of switching to a credit policy?

Now five years later the current market rate for these bonds : Now five years later the current market rate for these bonds is only 12%. What should you pay for the bonds now?

Estimate the expected return and beta for stock : Using historical data you estimate the expected return and beta for Stock A as 9.5% and 1.2, and for Stock B as 14% and 1.8.

What will the annual fixed cost have to be for process : what will the annual fixed cost have to be for Process B in order for the two alternatives to have the same annual total cost at a production rate of 9250 units

User Account

All Pages