Karen, age 51, wishes to take distributions from her traditional ira and avoid imposition of the 10% early distribution penalty. which of the following distributions will allow karen to avoid the penalty? if karen is totally and permanently disabled karen wants the distribution to pay medical expenses exceeding 10% of her agi. karen may take distributions under the substantially equal payments rule. karen needs cash to pay for tuition for her child at state university.

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Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive