Question

To which of the following cases would the penalty tax on premature withdrawals apply? A) John is over age 59½ and retired. He withdraws money from an annuity to supplement an already sizable pension. B) Carrie is age 45 and disabled. She withdraws money from an annuity for living expenses. C) Ken has died at age 54. His widow surrenders Ken's annuity for its cash value. D) Alice is age 56 and healthy. She withdraws money from an annuity to help pay her son's college tuition.

          To which of the following cases would the penalty tax on premature withdrawals apply?

A) John is over age 59½ and retired. He withdraws money from an annuity to supplement an already sizable pension.
B) Carrie is age 45 and disabled. She withdraws money from an annuity for living expenses.
C) Ken has died at age 54. His widow surrenders Ken's annuity for its cash value.
D) Alice is age 56 and healthy. She withdraws money from an annuity to help pay her son's college tuition.

To which of the following cases would the penalty tax on premature withdrawals apply?

A) John is over age 59½ and retired. He withdraws money from an annuity to supplement an already sizable pension.
B) Carrie is age 45 and disabled. She withdraws money from an annuity for living expenses.
C) Ken has died at age 54. His widow surrenders Ken's annuity for its cash value.
D) Alice is age 56 and healthy. She withdraws money from an annuity to help pay her son's college tuition.

Added by Anthony P.

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