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Bobby is a 35-year-old pharmacist who is changing jobs. He has decided to personally accept a check from his $30,000 retirement account and to roll

Bobby is a 35-year-old pharmacist who is changing jobs. He has decided to personally accept a check from his $30,000 retirement account and to roll it over into an IRA within 60 days. In this case, the check will be for ____, and to avoid taxes and penalties he will need to deposit ____ in the IRA.

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$24,000; $24,000

$30,000; $24,000

$30,000; $30,000

$24,000; $30,000

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