Question 6 2 pts Since 2009 Mike has contributed $30,000 to his Roth IRA. Now the Roth IRA has grown to $50,000. Mike (35 years old now) wants to withdraw $20,000 from the Roth IRA to buy his first home. Which of the following statement is true? Mike does not need to pay income tax or 10% penalty on $20,000 withdrawal because this is his contribution. The first $10,000 withdrawal is free of income tax and penalty for first time homebuyers. However, Mike needs to pay 10% penalty on the additional $10,000 withdrawal. Mike needs to pay both income tax and 10% penalty on $20,000 withdrawal. Mike needs to pay income tax on $20,000 withdrawal, but no 10% penalty