Last year Wendell, age 57, withdrew $1,500 from his IRA, which consists entirely of pretax contributions. In addition to including that amount in his taxable income, he has to pay a penalty of
A) 50
B) 150
C) 300
D) 100
Ans: B) 150
Business
You might also like to view...
On the maturity date, the bondholder is paid the face amount of the bond plus the last interest payment
Indicate whether the statement is true or false
Business
Winston Foods and O'Toole's Soda have agreed to perform together multiple stages of the process by which products are brought to the market. The two firms have most likely formed a ________
A) joint venture B) production alliance C) process alliance D) comprehensive alliance
Business