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Select the best answer. Saccha's employer maintains a pension plan and a profit-sharing plan. In the current year, Saccha separates from the company and receives
Select the best answer. Saccha's employer maintains a pension plan and a profit-sharing plan. In the current year, Saccha separates from the company and receives a total distribution from both plans. Saccha was born in 1930 and had participated in both plans for the last 20 years. What tax method or methods are available to Saccha for the distributions received from both plans? A. Capital gain (flat 20%) treatment for both plans B. Ordinary income only for the pension plan, ordinary income only for the profit-sharing plan O C. Ordinary income only for the pension plan: TYA only for the profit-sharing plan D. TYA only for the pension plan; ordinary income only for the profit-sharing plan
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