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from a qualified account before he or she is eligible to do so, the IRS imposes a 10% penalty on the amount withdrawn.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.
The Renaissance was a period in European history during which there was a revival in the ideas of ancient Rome and Greece. Culture art and science and medicine were studied by aristocrats and scholars who prized themselves on their education.amous Renaissance Artists Two of the most famous Renaissance artists are Leonardo da Vince and Michelangelo. Two of da Vince's famous paintings are The Last Supper and Mona L â¦ isa.