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Benny withdrew $15,000 from his tax-sheltered retirement account. If he pays combined federal and state income taxes of 30 percent, this withdrawal will cost him
Benny withdrew $15,000 from his tax-sheltered retirement account. If he pays combined federal and state income taxes of 30 percent, this withdrawal will cost him an extra $_ in income taxes, and a penalty of $_ a) $4,500; $0 b) $0; 4,500 c) $0; $350 d) $4,500; $1,500
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