Question: Jeff has one Form W - 2 and one Form 1 0 9 9 - INT and no other income. His Form W - 2

Jeff has one Form W-2 and one Form 1099-INT and no other income. His Form W-2 shows $141,000 of income in box 1. His Form 1099-INT shows both interest income of $50 and a $101 early withdrawal penalty. Jeff does not pay alimony, and he made a $1,000 contribution to a traditional IRA. What amount of early penalty on withdrawal may Jeff claim?
C
SO
$50
$101
$899

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