Which of the Following Statements About Withdrawals from Section 401(k)plans

question 5

Multiple Choice

Which of the following statements about withdrawals from Section 401(k) plans is (are) true?
I.The penalty tax does not apply to hardship withdrawals.
II.Withdrawals may be made without penalty at age 59.5 or older.

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

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Definitions:

Xylem

A type of tissue in plants responsible for transporting water and dissolved nutrients from the roots to the rest of the plant.

Transpiration Rates

The speed at which transpiration occurs, impacting how quickly plants lose water through their leaves to the atmosphere.

Plants

Multicellular, photosynthetic eukaryotes that increasingly became adapted to live on land.

Sunken Stomata

Stomatal openings located below the surface level of plant epidermis, helping reduce water loss by decreasing transpiration.