Jonathon,age 50 and in Good Health,withdrew $6,000 from His Pension

question 69

Multiple Choice

Jonathon,age 50 and in good health,withdrew $6,000 from his pension plan during the current year.The withdrawal was not eligible for any exception to the 10% penalty.Jonathon had made $40,000 of after-tax contributions to the plan while his employer had contributed $80,000.In addition to relevant income taxes,how much penalty must Jonathon pay?

• A)$0
• B)$200
• C)$400
• D)$600

---

Definitions:

Wrongful Dissolution

The improper termination of a legal entity or partnership, which can give rise to legal action for damages.

Office Building

A structure designed primarily for hosting business offices and activities.

Partnership at Will

A form of business partnership without a fixed duration; any partner can dissolve it at any time under certain conditions.

Urbain v. Beierling

Likely refers to a specific legal case, but without additional context, it's not possible to provide a detailed definition. If fictional or obscure, the answer is NO.