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lisa, age 45, needed some cash so she withdrew $57,500 from her roth ira. at the time of the distribution, the balance in the roth ira was $200,000. lisa established the roth ira 10 years ago. over the years, she has contributed $21,500 to her account. what amount of the distribution is taxable and subject to early distribution penalty (if any)?.

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amount of the distribution is taxable and subject to early distribution penalty is $0

Which of the following statements describes a defined benefit pension plan?

 The contribution rate is variable, but the retirement benefit is known in advance.

What best describes a defined contribution plan?

A defined contribution plan, on the other hand, does not promise a specific amount of benefits at retirement. In these plans, the employee or the employer (or both) contribute to the employee's individual account under the plan, sometimes at a set rate, such as 5 percent of earnings annually.

Which of the following statements characterizes defined benefit plans?

Which statement characterizes defined benefit plan? * Defined benefit plans are comparatively simple in construction and raise few accounting issues for employers. Retirement benefits are based on the plan's benefit formula

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