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 >>