You are 35 years old and desperately need $12,000 for higher
education. You take a
distributi...
Mathematics, 09.04.2021 18:00 harveyangel123p2tjae
You are 35 years old and desperately need $12,000 for higher
education. You take a
distribution from your Roth IRA. Due to your income, you are currently in the 19%
federal'income tax bracket. Calculate the penalty and tax to withdraw $12,000.
No fees, no taxes
O $1.,200 penalty, no tax
$1,200 penalty, $2,280 in taxes
O No penalty, $2,280 in taxes
Answers: 3
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