Question: 3 Question 15 (0.15 points) You as a young worker decide to use money in your traditional IRA account to pay for an unexpected $1750
3 Question 15 (0.15 points) You as a young worker decide to use money in your traditional IRA account to pay for an unexpected $1750 expense. If your withdrawal faces a 10% early withdrawal penalty and you pay a marginal tax rate of 25%, how much must you take out of your account in order to pay the expense, the penalty, and the taxes on your withdrawal? Your Answer: 8
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