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25-02-2021
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Which kind of tax is usually the highest amount taken from your monthly income?

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PostyFan PostyFan

25-02-2021

Answer: THIS IS ALL I KNOW IM SORRY IF I DONT ANSWER YOUR QUESTION

How much tax do you pay on an annuity withdrawal?

Withdrawals taken before age 59½ may be subject to a 10 percent IRS penalty tax unless an exception applies. When you make a withdrawal from an annuity, the IRS assumes that earnings are withdrawn first. The 10 percent penalty applies to the earnings portion of a withdrawal.

Explanation:

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