Multiple Choice $2\mathrm{.}5$ points

Barry, age $43,$ recenthy recelved a terminal illness diagnosis in which hil doctor certified that Barry is expected to live $60$ months or less. As a result, Barry declided to guit his job and spend his time over the next few years fulfilling his bucket list while he is still healthy enough to do so$.$ To fund this, Burry would Bie to taile a substantial distribution from his $4010$ d $)$ plan at this former employer. Which of the following is true regarding the distribution, assuming all contributions to the plan were pretax?

The distribution will be subject to tax and a $10\%$ penalty since Barry is under age $59\%$ and does not meet a penalty exception

The distribution will be subject to tax and a $10\%$ penalty on any amount in excess of $$10\mathrm{.}000$

The