Lucy takes an early distribution of $12,000 from her ira and uses the funds to purchase her first home. how much, if any, of the $12,000 is subject to the early withdrawal penalty

$2,000

Explanation:

Data provided in the question:

Amount taken by Lucy as an early distribution from her IRA =  $12,000

Now,

When the amount withdrawn is used for the first ever purchase of home the amount up to $10,000 is exempted from the penalty.

Therefore,

according to the above consideration

The amount subject to the early withdrawal penalty will be

= Amount taken - Amount exempted from the penalty

= $12,000 - $10,000

= $2,000

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

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