There Are Early Withdrawal Penalties for All of the Following

question 151

Multiple Choice

There are early withdrawal penalties for all of the following except

• A)Roth IRA contributions.
• B)traditional IRA contributions.
• C)annuity contributions.
• D)SEP contributions.
• E)401(k) contributions.

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Definitions:

Straight-Line Method

A method of calculating depreciation by evenly spreading the cost of an asset over its useful life.

Semiannual Interest

Refers to the payment of interest on a loan or financial instrument every six months.

Bond Premium

The excess value of a bond above its face value in the marketplace.

Straight-Line Method

A depreciation method that allocates an equal amount of the depreciable cost of an asset to each year of its useful life.