What ever your marginal rate will after you have completed you income tax return correctly. Could be any where from the -0- % to the maximum 35% tax bracket amount.
The Federal ordinary income tax rate on the 401k funds withdrawn depend on the tax rate of the individual drawing the funds. Early withdrawals (distributions before the age of 59.5) are generally struck with an additional 10% penalty on top of the federal and state income taxes due by the individual.
The penalty for an early withdrawal is 10% x 6500 would be 650 plus the federal income tax that may be due on the taxable amount of the distribution at your marginal tax rate.
.25%
The interest rate that the Federal Reserve charges member banks to borrow money is called the federal funds rate.
The interest rate that a bank pays when borrowing reserves from the Federal Reserve is called the federal funds rate.
The withdrawal will be taxed at the rate determined by your entire taxable income, including the withdrawal. If the early withdrawal has no exceptions, it will incur an additional penalty tax of 10%.
The Federal ordinary income tax rate on the 401k funds withdrawn depend on the tax rate of the individual drawing the funds. Early withdrawals (distributions before the age of 59.5) are generally struck with an additional 10% penalty on top of the federal and state income taxes due by the individual.
The federal funds rate is the interest rate banks charge on loans in the federal funds market. The federal funds rate is not set administratively by the Fed. Instead, the rate is determined by the supply of reserves relative to the demand for them.
The impact on the federal funds rate, by any policy, would depend on which policy is in question. Some policies will cause the federal funds rate to increase while other policies will cause the federal funds rate to decrease.
The Federal Funds rate abbriviated as Fed Funds is the overnight loan rate between banks. The Discount Window is the Federal Reseve Bank of New York's overnight interst rate charged to banks from the Federal Reserve, called the discount window rate.
The federal funds rate is the rate which banks charge one another for overnight loans used to provide needed capital to meet reserve requirements. The federal funds rate is the rate which the federal reserve may adjust thru open market operations such as the buying and selling of US treasuries. As of March 2010, the federal funds rate hovers between 0 and .25%.
above the federal funds rate
above the federal funds rate
If the Fed wants to raise the federal funds interest rate, it will sell securities to remove reserves from the banking system.
The penalty for an early withdrawal is 10% x 6500 would be 650 plus the federal income tax that may be due on the taxable amount of the distribution at your marginal tax rate.
The federal funds rate is the rate which banks charge one another for overnight loans used to provide needed capital to meet reserve requirements. The federal funds rate is the rate which the federal reserve may adjust thru open market operations such as the buying and selling of US treasuries. As of March 2010, the federal funds rate hovers between 0 and .25%.
.25%