Jacob, age 38, has a Roth IRA balance of $90,000. He needs some money to start up a new business so he takes $70,000 out of his Roth IRA. Over the years, he has contributed $55,000 in total to the Roth IRA and then rest are earnings. Assuming his marginal tax rate is 15%, what is his total tax liability (including the early-withdrawal penalty) for the $70,000 distribution he took