A client, age 34, recently came to you with a plan to take a distribution from her qualified plan. She plans to withdraw $200,000 from the plan. She has a basis in the plan of $300,000 and the current value is $400,000. What are the tax consequences of the proposed withdrawal? Group of answer choices $50,000 taxable, $5,000 tax penalty $50,000 taxable, $0 tax penalty $150,000 taxable, $15,000 tax penalty $200,000 taxable, $20,000 tax penalty