Early distributions from qualified retirement plans are assessed a 10 percent penalty. However, there are some exceptions to this rule. All of the following distributions are exempt from the penalty tax EXCEPT
A) lump-sum distributions made after age 59.5.
B) lump-sum distributions made directly to the employee at any age when he or she changes employers.
C) lump-sum distributions made after the death or permanent disability of the employee.
D) distributions that are part of a series of substantially equal payments over the worker's life expectancy.
Answer: B
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