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Jonathon,age 50 and in Good Health,withdrew $6,000 from His Pension

Question 96

Multiple Choice

Jonathon,age 50 and in good health,withdrew $6,000 from his pension plan during the current year.The withdrawal was not eligible for any exception to the 10% penalty.Jonathon had made $40,000 of after-tax contributions to the plan while his employer had contributed $80,000.In addition to relevant income taxes,how much penalty must Jonathon pay?


A) $0
B) $200
C) $400
D) $600

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