Suppose you invest $20,000 at the age of 40, and agree to start receiving
payments at the age of 50. At age 47, you decide you want to withdraw $7500
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.
O
O
o
O
A. $750.00
B. $75.00
C. $500.00
D. $100.00
SURMIT
