Mike (age 40) is purchasing his second home for $200,000 with a 25% down payment. He will withdraw some of the down payment from his IRA. He will have to pay ____ on the IRA withdrawal
a. federal income taxes
b. an early withdrawal penalty
c. Social Security taxes
d. a and b
e. a, b, and c
D
Business
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A guaranteed insurability rider may be attached to which of the following policies?
A) Disability income B) Group health C) Medical expense D) Accidental death and dismemberment
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Recent trends in sport organization business practices have led American sports fans to become increasingly trustworthy of team owners.
A. True B. False
Business