Noun. 1. ethnic minority-a group that has different national or cultural traditions from the majority of the population. ethnic group, ethnos-people of the same race or nationality who share a distinctive culture.Arab-Berbers, Berbers-an ethnic minority descended from Berbers and Arabs and living in northern Africa.thnic group, ethnos-people of the same race or nationality who share a distinctive culture. Arab-Berbers, Berbers-an ethnic minority descended from Berbers and Arabs and living in northern Africa.
07, 2014 Page 46 of 53 www.revenue.state.pa.us 6. Section 108(b)(5) provides that a taxpayer having cancellation of indebtedness income resulting from tax attribute reduction under Section 108(b)(1) may elect under Section 1017, to reduce the depreciable basis of its assets before reducing other tax attributes.
Your financial hardship withdrawal is considered a non-periodic payment for Federal income tax purposes. The TSP will withhold 10% of the taxable portion of your withdrawal for Federal income tax unless you increase or waive the amount of withholding. Also, if you make a financial hardship withdrawal before age 59Â½, you may be subject to a 10% early withdrawal penalty tax on the taxable portion of your withdrawal. This penalty tax is in addition to the ordinary income tax you will have to pay.