Question 19 (2 942 points) Saved Tae Won quits his job at Samsung Group and joins Apple, Inc The balance in his Samsung Group 401(k) account is $1 million Tae Won elects to close out his 401(k) account at Samsung Group, receive a 401(k) distribution check, and 59 days later, to deposit the check amount into his new 401(k) account at Apple, Inc No other deposits are made into his new 401(k) account Tae Won is subject to ordinary income tax and a 10 penalty on a $200,000 nonqualified distribution from the old 401(k) account True False

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Question 19 (2 942 points) Saved Tae Won quits his job at Samsung Group and joins Apple, Inc  The balance in his Samsung Group 401(k) account is $1 million  Tae Won elects to close out his 401(k) account at Samsung Group, receive a 401(k) distribution check, and 59 days later, to deposit the check amount into his new 401(k) account at Apple, Inc  No other deposits are made into his new 401(k) account  Tae Won is subject to ordinary income tax and a 10  penalty on a $200,000 nonqualified distribution from the old 401(k) account  True False

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Question 19 (2.942 points) Saved Tae-Won quits his job at Samsung Group and joins Apple, Inc. The balance in his Samsung Group 401(k) account is

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