If an employee’s benefit is paid from a qualified plan in the form of a qualifying lump-sum benefit at retirement, the e
Posted: Sun Jul 03, 2022 1:16 pm
If an employee’s benefit is paid from a qualified plan in theform of a qualifying lump-sum benefit at retirement, the employee’scost basis will be recovered _______________
A. with an income tax penalty.
B. with an income tax reduction.
C. free of income tax.
D. none of these.
It is not A.
A. with an income tax penalty.
B. with an income tax reduction.
C. free of income tax.
D. none of these.
It is not A.