Question
When Lisa lost her job, she had an account balance of $25,000 in her 401(k). She also had an outstanding 401(k) plan loan of $9,000
When Lisa lost her job, she had an account balance of $25,000 in her 401(k). She also had an outstanding 401(k) plan loan of $9,000 secured by that balance. She made no after-tax contributions. If Lisa is unable to repay the loan and elects to take it as a distribution, what is the mandatory withholding?
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Financial Accounting Information For Decisions
Authors: John J Wild
3rd Edition
0072974729, 978-0072974720
