Hello tiffanylalston,
Great question!
Your withdrawal from your 401K will be taxed at your tax bracket, whatever that may be, depending on your taxable income. On the top of that your will be paying 10% early withdrawal penalty. Since we don't don't know what your taxable income or tax bracket is, you may end up having a balance due or a refund when the tax time comes. Depending on what state you live in, you may also be paying state taxes on this withdrawal. Good that you're having them take out 22%, so it will hit you all at the tax time.
If you can provide more info about how much your taxable income will be, and how much you're withdrawing, we may give you a better estimate...
Hope it helps!
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