Author Question: Which of the following is true about withdrawing funds from a traditional IRA? A) Typically you ... (Read 75 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
Which of the following is true about withdrawing funds from a traditional IRA?
 A) Typically you can't withdraw funds before age 59 1/2 without being penalized.
  B) Amounts withdrawn early are subject to a 10 penalty.
  C) Amounts withdrawn are subject to federal and state income taxes.
  D) all of the above

Question 2

Company profits are distributed to shareholders in the form of
 A) dividends.
  B) losses.
  C) par values.
  D) net asset values.



meow1234

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

For a complete list of videos, visit our video library