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You don't have to pay any tax at all on your withdrawal if you pay the entire amount back within three years of the withdrawal date. Plus, you can pay the money back in a lump sum or with multiple re-contributions. In effect, the CARES Act allows you to take an interest-free loan of up to $100, 000 from your IRA, 401(k) or another plan. All you have to do is pay the money back in three years. This allowance is an unprecedented tax break. Borrowing up to $100, 000 from your retirement plan Instead of withdrawing $100, 000 from your plan, you may be able to borrow it. But you can't borrow from all retirement plans. For example, you can't borrow from an IRA or SEP-IRA. However, your 401(k), solo 401(k) or 403(b) retirement plans are sources for self-loans. It's always a good idea to check with your plan administrator to make sure. No tax is due on loans from a retirement plan provided that you repay the loan within five years. You must also pay interest on such loans. In this case, you pay the interest to yourself since it goes into your retirement plan.
TikTok has said it would not comply with any request to share user data with the Chinese authorities. Oracle will handle TikTok's US user data, the source added. The deal will be structured not as a sale but as a restructuring, the source said, without disclosing how much of TikTok's US operations ByteDance and its investors will continue to own. It was unclear if General Atlantic and Sequoia Capital, both of which were previously reported to have spurred on the Oracle deal, ended up being a part of this agreement. Trump supporter Larry Ellison co-founded Oracle Corporation in 1977 with Bob Miner and Ed Oates. It now has 136, 000 employees. In February 2020, Ellison hosted a Trump fundraiser at his Rancho Mirage home where tickets cost up to $250, 000 to attend. In April 2020, Ellison said in a Forbes interview: 'We only have one president at a time. I don't think he's the devil — I support him and want him to do well. ' According to Forbes, Ellison, who stepped down as CEO of the firm in 2014 but remains executive chairman of the board and chief technology officer, has a net worth of $72billion and is the fifth richest person in the U. S. The Trump administration has threatened to ban TikTok by mid-September and ordered ByteDance to sell its US business, claiming national security risks due to its Chinese ownership.
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What's more, you're encouraged to use your organizational, critical thinking, and troubleshooting skills while working independently. Sterile Processing Technician Career Outlook According to The Atlantic, the healthcare industry is the largest employer in the US. The requirement for sterile processing techs is projected to grow 10% to 14% between 2016 and 2026. Much of this comes down to a rapidly aging Baby Boomer generation. The growth of the entire industry – and the demand for medical instrument preppers – makes this a fantastic career option. Room for Advancement We know you're looking for a career (not just a job), which means that there's plenty of room for advancement over time. As a processing technician, you can work your way up to a sterile processing supervisor, which comes with a fairly significant raise. According to Glassdoor the average salary for a supervisor is $52, 526. You can also branch out and become a surgical tech. Steps to Becoming a Sterile Processing Technician To get started on your way to becoming a sterile processing tech, you'll need a high school diploma or GED.