If an investor chooses to take a premature distribution from a qualified account before he or she is eligible to do so, the IRS imposes a 10% penalty on the amount withdrawn. The money is also taxed as ordinary income in the year the investor withdraws it.
Updated: 13 October 2016. Although it is best known for its cultural and artistic advancements, the Italian Renaissance was also a period of significant scientific progress too. We take a look at some of the eraâs most interesting inventions, from Leonardo da Vinciâs parachute to Galileoâs precursor to the modern thermometer.
Florence is considered to be the birthplace of the European renaissance. The definition of renaissance is anything that comes from the period of 1400 to 1600 in Italy and western Europe. An example of renaissance is how you would describe the style of the famous painting, the Mona Lisa.