Upon retirement, all distributions from defined benefit plans are taxable as__________.

Social Studies

1 answer:

rjkz [21]3 years ago

7 0

Answer:

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.

You might be interested in

What day and year did indiana become a stae

oksian1 [2.3K]

Answer:

Indiana became a state on December 11, 1816.

6 0

3 years ago

The stage of the daytime talk show has become our Roman coliseum: the audience ________ the “guest”, who is meant to atone, over

svetoff [14.1K]

Answer: The correct answer is : revile

Explanation: Revile is criticizing abusively or insultingly. It is doing or saying things to offend, discredit or disparage a person. It has the same meaning as offending, reproaching, denigrating, defame, outrage, insult, insult, grieve, dishonor, mock, mistreat, hurt, among others.

4 0

3 years ago

According to what you've learned, Jewish people in Europe were treated well and prospered in many different cities suffered a lo

Sergio [31]

Answer:

Suffered a long history of discrimination and mistreatment

Explanation:

Jewish people have suffered a long history of discrimination since the days of ancient civilizations. The discrimination has been stayed for long because of the religious differences. During the Middle Ages, Jews were hated as it was believed they were responsible for the death of Jesus. During the Crusades Jews persecuted in Rhine and Danube. Jews also suffered when they were exiled from Spain.

During and after World War II, many of the Jewish population began to leave their nations in Europe because of the German Anti- Jewish policies that forced them to leave their property and wealth and forced to live in ghettos and later sent to concentration camps.

6 0

3 years ago

How does this image help you understand why the French surrendered to the Prussians?

tatyana61 [14]

Answer:

The vast German and French armies that then confronted each other were each grouped into right and left wings. After suffering a check at the Battle of Wörth on August 6, 1870, the commander of the French right (south) wing, Marshal Patrice Mac-Mahon, retreated westward. That same day, about 40 miles (65 km) to the northeast, the commander of the French left wing, Marshal Achille Bazaine, was dislodged from near Saarbrücken and fell back westward to the fortress of Metz. His further retreat was checked by the German right wing in the blundering Battles of Mars-la-Tour and Gravelotte on August 16 and 18, respectively, and he then took refuge behind the defenses of Metz indefinitely.

Explanation:n

7 0

2 years ago

Africa is the only continent crossed by

S_A_V [24]

Answer:

Africa is the only continent crossed by both the Prime Meridian and the Equator.

4 0

2 years ago