To discourage the use of IRAs for purposes other than retirement, the law imposes an additional 10% tax on early distributions from traditional and Roth IRAs unless an exception applies. Generally, early distributions are those you receive from an IRA before reaching age 59Â½. The additional 10% tax applies to the part of the distribution that you have to include in gross income. It is in addition to any regular income tax on that amount.
From Wikipedia, the free encyclopedia. Products are the species formed from chemical reactions. During a chemical reaction reactants are transformed into products after passing through a high energy transition state. This process results in the consumption of the reactants.
A physical change, such as a state change or dissolving, does not create a new substance, but a chemical change does. In a chemical reaction, the atoms and molecules that interact with each other are called reactants. In a chemical reaction, the atoms and molecules produced by the reaction are called products. In a chemical reaction, only the atoms present in the reactants can end up in the products. No new atoms are created, and no atoms are destroyed. In a chemical reaction, reactants contact each other, bonds between atoms in the reactants are broken, and atoms rearrange and form new bonds to make the products. Summary