Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Income — Retirement Income Workout

Skills Workout

Certification Warm Up Question 2 of 2

Eric is 33 years old. While he was unemployed, he cashed in his 401(k) savings from her previous employer and used the money to pay off debt. He does not qualify for any exception to the additional tax on early distributions. He received a Form 1099-R with a Gross Distribution in box 1 of $2,500 and a distribution code of 1 in box 7. What is the amount of additional tax?

Enter the correct amount without using $ signs or period.

$ (Please do not use commas in answer)




Pub 4491, Retirement Income Lesson
Form 1099-R
1099-R distribution codes

Pub 4491, Retirement Income Lesson

Form 1099-R

1099-R distribution codes