Which of the Following Distributions from a Qualified Retirement Plan

question 16

Multiple Choice

Which of the following distributions from a qualified retirement plan would be exempt from the 10 percent penalty tax if the distribution occurred before the covered employee was age 59.5?
I.A distribution made to an employee with a qualifying disability.
II.A distribution made to a beneficiary or to the employee estate's after the employee's death.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

American Exports

Goods or services produced in the United States and sold to buyers in other countries.

Complicit

Being involved with others in an illegal activity or wrongdoing.

Factory Demand

The need or desire for manufactured goods, influencing production levels in factories.

Slave Trading

The act of buying and selling human beings for the purpose of forced and unpaid labor, a practice notably prevalent in the transatlantic slave trade until the 19th century.