Question

A 55 year old woman wishes to remove funds from her Individual Retirement Account to remodel her house. The customer is subject to: A no tax liability B regular income tax liability only on the amount withdrawn C 10% penalty tax only on the amount withdrawn D both regular income tax liability and 10% penalty tax on the amount withdrawn

Answer 1

Answer:

D

Explanation:

with the tax you have to pay and the withdraw amount i would say that that woman will have a happy retierment and remodle her house