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Tax at 59.5 what? $10 X 59.5% would be $5.95 tax amount.
The 10% early withdrawal penalty amount for taxable distribution amounts from your retirement plans would NOT apply to any of the taxable distribution amount in the year after you turn 59 1/2.
The taxable amount of the distribution will be added to all of your other gross worldwide income on your 1040 federal income tax return and WILL BE SUBJECT TO INCOME TAX AT YOUR MARGINAL TAX RATE in the year that you receive the distribution amount.
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How much tax do you pay on 900 a wek?
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