Solved

What Is the Amount of Additional Tax on Traditional or Roth

Question 8

Multiple Choice

What is the amount of additional tax on traditional or Roth IRA withdrawals, made before age 59 ½, that are NOT used for qualified higher education expenses (or another qualified expense) ?


A) 3%
B) 5%
C) 10%
D) 15%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents