Indiana State Life and Health Insurance Practice Exam 2025 – All-in-One Resource to Master Your Exam Success! Flash Cards

Question: 1 / 400

A 55 year old recently received a $30,000 distribution from a previous employer's 401k plan, minus $6,000 withholding. Which federal taxes apply if none of the funds were rolled over?

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Income taxes plus a 10% penalty tax on $30,000

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