Question
Julie, age 43, has been participating in her employer's SIMPLE IRA for one year. If she withdraws $2,000 from this plan this year and the
Julie, age 43, has been participating in her employer's SIMPLE IRA for one year. If she withdraws $2,000 from this plan this year and the withdrawal is not covered by an exception to the penalty tax on premature withdrawals, she will owe a penalty tax of:
A. $200 B. $500 C. $0 D. $250
Section 403(b) plan funds may be invested only in:
A. Corporate bonds and mutual funds. B. Mutual funds and individual stocks. C. Annuities and GICs. D. Annuities and mutual funds.
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
