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Suppose you invest $10,000 at the age of 40, and agree to start receiving payments at the age of 50. At age 48, you decide you want to withdraw $2500 from your account. What is the IRS fee you will have
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Sep 1, 2018
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Suppose you invest $10,000 at the age of 40, and agree to start receiving payments at the age of 50. At age 48, you decide you want to withdraw $2500 from your account. What is the IRS fee you will have to pay? Remember, the IRS charges 10% if you withdraw before you are 59.5.
$100.00
$250.00
$150.00
$25.00
Mathematics
high-school
Matthias Haber
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Answer:
250
Explanation:
ALUFTW
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Sep 3, 2018
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ALUFTW
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So out of the amount in your account you have $10,000.
You get charged a 10% fee if you withdraw before you are 59.5 (you did, you were 48).
So, they are going to charge a 10% fee of the $2,500.
10% of $2,500 is...
Your Answer:
$250
Hoaphumanoid
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Sep 5, 2018
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Hoaphumanoid
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