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Question 14 (1 point) a Suppose you are 30 years old, have a 401(k) plan with a $10,000 balance (all contributions were pre- tax), and

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Question 14 (1 point) a Suppose you are 30 years old, have a 401(k) plan with a $10,000 balance (all contributions were pre- tax), and quit your job. If you receive the proceeds of your 401(k) in cash and are in the 15% income tax bracket, then you owe__in taxes and penalties this tax year. $3000 $2500 $3500 $1500 $2000

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