Which of the Following Is Not an Exception to the 10

question 19

Multiple Choice

Which of the following is not an exception to the 10% early withdrawal penalty of a traditional IRA: ​

• A)Paying the costs of higher education,including tuition,fees,books,and room and board for a dependent child
• B)Withdrawing up to $30,000 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

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Definitions:

Lower Terms

Expressing a fraction in its simplest form so that the numerator and denominator are as small as possible.

Ratio

A comparison, by division, of the relative size of two or more quantities.

Proportion

A statement of the equality of two ratios.

Direct Labour

The cost of wages for employees who directly manufacture or produce goods and services.