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from a qualified account before he or she is eligible to do so, the IRS imposes a 10% penalty on the amount withdrawn.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.
Fifteenth-century Italian Art, often (and not incorrectly) referred to as the Early Renaissance, generally means artistic goings-on in the Republic of Florence between the years 1417 and 1494. (This doesn't mean nothing happened prior to 1417, by the way.