Choose the Incorrect Answer

Choose the incorrect answer. Money removed from a traditional IRA is taxable as ordinary income and subject to a 10 percent penalty except for taxpayers who are:

A) Paying the costs of higher education, including tuition, fees, books, and room and board for a dependent child
B) Withdrawing up to $20,000 of first-time home-buying expenses
C) Using the withdrawals for medical expenses in excess of 10 percent of their AGI, for persons younger than 65 years old
D) Over 59 1/2 years old