INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 63

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
Dan and Betty, both in their early 30s, want to withdraw $9,000 from their individual retirement account (IRA) to put toward the purchase of their first home. They [ will | will not ] have to pay a penalty.

---

Definitions:

South Carolina

South Carolina is a U.S. state known for its shoreline of subtropical beaches and marshlike sea islands, and historically significant as the first state to secede from the Union leading up to the Civil War.

Black Churches

Religious institutions that have historically served as central community centers for African Americans, playing vital roles in the civil rights movement and beyond.

Second Great Awakening

A Protestant religious revival during the early 19th century in the United States, which led to a wave of social reform movements.

Methodist Church

A major Christian denomination that emphasizes salvation through faith in Jesus Christ and social holiness, stemming from the teachings of John Wesley.