0 votes
How are taxes calculated on early 401k withdrawal?

1 Answer

0 votes
To calculate the tax on a 401(k) early withdrawal, estimate your annual taxable income, including the withdrawal amount, and multiply by the sum of your federal, state and local tax rates. Add a 10 percent penalty on the withdrawn amount if you don't qualify for an early - withdrawal exception.
Welcome to All about Slots&Casino site, where you can find questions and answers on everything about online gambling.
...