Consequences of Financial Hardship Withdrawals. Your financial hardship withdrawal is subject to Federal income tax and, in some cases, state income tax. If you are younger than 59Â½, you may have to pay a 10% early withdrawal penalty tax.
The âpresidential-parliamentary systemâ of the Fifth Republic carries over the institutions of the previous republics, incorporating elements of the conventional presidential system and parliamentary system.
The resulting system of government is a republic, in which the citizens vote to elect government officials, representatives to a legislature to pass laws and a head of state (president). A republic limits the power of government according to a written constituion.