12. Cami (age 52 and married) was recently laid off as part of her employers reduction in...
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12. Cami (age 52 and married) was recently laid off as part of her employer’s reduction in workforce program. Cami’s annual AGI was usually around $50,000. Shortly after Cami’s employment was terminated, her employer distributed the balance of her employersponsored 401(k) account to her. What could Cami do to avoid being assessed the 10 percent early distribution penalty?
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Related Book For
Taxation Of Individuals And Business Entities 2020
ISBN: 9781259969614
11th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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