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from a qualified account before he or she is eligible to do so, the IRS imposes a 10% penalty on the amount withdrawn.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 earliest Renaissance literature appeared in Italy in the 14th century; Dante, Petrarch, Boccaccio, Machiavelli and Ariosto are notable examples of Italian Renaissance writers.rom Italy the influence of the Renaissance spread at different times to other countries and continued to spread around Europe through the 17th century. The English Renaissance and the Renaissance in Scotland date from the late 15th century to the early 17th century.