Jorge is $50$ years old and is moving to another state to start new career. He plans to withdraw the $$500,000$ balance of his qualified defined contribution plan with his employer and rollover $$480,000$ of the balance to his traditional IRA. The remaining $$20,000$ withdrawn from the plan, Jorge will use to fund his move and pay for his rental deposit and $3$ months of rent for his new apartment. What are Jorge's tax and penalty costs, if any, of this withdrawal if he has a $32\%$ marginal tax rate on ordinary income.

Group of answer choices

$$210,000$

$$8,400$

$$2,000$

This withdrawal is not subject to tax or penalty.