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advancedgamin8458
07.01.2020 •
Social Studies
Upon retirement, all distributions from defined benefit plans are taxable
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Ответ:
ordinary income
Explanation:
All the distributions upon retirement from the defined benefit plans are taxed as ordinary income.
A defined benefit plan is defined as a pension plan where an employee gets a lump sum amount as a pension after retirement. But the distributions of full amount of the benefit plan are taxed as an ordinary income.
Minimum distributions are needed for a year where an employee attains 70½ years age or retires, whichever comes later.
Ответ: