In the context of U.S. tax policy, are 401(k) withdrawals subject to Social Security tax?
A) Yes, 401(k) withdrawals are subject to Social Security tax as they are considered earned income.
B) No, 401(k) withdrawals are not subject to Social Security tax as they are considered retirement income.
C) Yes, 401(k) withdrawals are subject to Social Security tax only if the individual is under 59½ years old.
D) No, 401(k) withdrawals are subject to Social Security tax if the total income exceeds a specific threshold.