What amount subject to ordinary income tax

Reference no: EM131763854

Question: To which of the following pre-retirement distributions will a 10% tax penalty not apply to any amount subject to ordinary income tax?

(1) to purchase a second (vacation) home

(2) upon the employee's disability

(3) payments that exceed the amount of medical expenses deductible as an itemized deduction for the year

(4) upon separation from service after age 55

a. (1) and (3) only

b. (2) and (4) only

c. (1), (2) and (3) only

d. (2), (3) and (4) only

Reference no: EM131763854

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