RE: Distribution Form

Phillip,

The Social Security and Medicare tax has been previously withheld on your deferral. You would be subject to only Federal Income Tax withholding on the distribution. I checked with my director (Pam Butler) on your question about recouping taxes already paid. It is my understanding that you cannot recoup these taxes.

Thanks,

Renee

-----Original Message-----
From: Allen, Phillip K.
Sent: Thursday, October 25, 2001 3:42 PM
To: Ratcliff, Renee
Subject: RE: Distribution Form

Renee,

Thank you for the forms. I am trying to estimate my tax obligation. It is my understanding that the account balance will be treated as ordinary income. What about Social Security and Medicare taxes? I thought those were already deducted. Also, the are no earnings on the deferrals I have made. On the contrary, there are losses. Is it possible to recoup any taxes paid?

Thanks for you help.

Phillip
-----Original Message-----
From: Ratcliff, Renee
Sent: Thursday, October 25, 2001 12:05 PM
To: Allen, Phillip K.
Subject: Distribution Form

Phillip,

Pursuant to your request, please see the attached.

Thanks,

Renee

<< File: Request For Distribution_1994 Plan.doc << << File: Request for Distribution Procedures_1994 Plan.doc <<