Do I still have to pay penalties and taxes on money that I don't roll over from a DROP fund?

A: It depends. Let's address the two penalties that will apply - the 10% early-withdrawal penalty and the 20% federal withholding - separately.Early-withdrawal penaltyIf the distribution from your Deferred Retirement Option Program (DROP) fund is made to you after you separate from service with your employer, and the separation occurred during or after the calendar year in which you reached ag...

How did Johnson and Johnson's corporate responsibility policy pay off in 1982?

A: In late September, 1982, Johnson & Johnson recalled all of its Tylenol products after seven people in the Chicago area died after taking Extra-Strength Tylenol capsules. The company's chairman at the time, James E. Burke, made the difficult and expensive decision to recall 30 million Tylenol products voluntarily. This cost the company over $100 million.Johnson & Johnson was not deem...

How much of a drug company's spending is allocated to research and development on average?

A: Pharmaceutical companies spend, on average, about 18% of revenues on research and development (R&D), making the pharmaceutical industry one of the biggest spenders in this area. Outside of the semiconductor industry, no other industry spends more on R&D.R&D Spending in the Pharmaceutical IndustryThe pharmaceutical industry's lifeblood is R&D. The success of major drug compan...

What was Robert Citron's role in Orange County, California's bankruptcy?

A: In 1994, Orange County announced that its investment pool had lost $1.6 billion. The announcement from the Southern California county seemed as unthinkable as local authorities announcing they had discovered a glacier. Not only was this the largest loss by a local government investment pool, which forced the county to file for bankruptcy, it shattered the pristine image of municipal bonds. The ...

What's the average salary of an actuary?

A: According to data reported by the U.S. Bureau of Labor Statistics (BLS), the average salary of an actuary—an individual who analyzes statistical data for the purpose of forecasting risk and liability—was $107,740 as of May 2013. This breaks down to an average compensation of $51.80 per hour. The typical actuary works full time in an office setting, while others work as consultants, travelin...

What's the difference between a grace period and a run out period?

A: A health flexible savings account, or health FSA, is an account that you contribute money to where the funds are dedicated to medical expenses, such as deductibles and copays. You can put up to $2,500 in your health FSA each year, but that money must be spent during the plan year. A grace period and a run-out period are two important terms for those who have a health FSA.A g...

Who are Berkshire Hathaway's (BRK.A) main competitors?

A: Led by renowned investor Warren Buffett, Berkshire Hathaway (BRK.A) is involved with multiple sectors of industry, facing different competitors in each one. In the diversified holding sector, Berkshire competes against challengers such as Leucadia National Corporation (LUK). Because many of its assets are insurance subsidiaries, Berkshire Hathaway is also a rival of large insurance firms such a...

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