Question: Question Content Area Stefan is 2 7 years old and has a total AGI of $ 1 1 0 , 0 0 0 in 2

Question Content Area
Stefan is 27 years old and has a total AGI of $110,000 in 2024. He contracts an illness in 2024 and incurs an unreimbursed medical bill that totals $7,500. He withdraws $7,500 from his traditional IRA to pay the bill. Which of the following is true?
a. He is not subject to penalties on the IRA withdrawal because it was for medical expenses.
b. He is subject to penalties on the IRA withdrawal because the withdrawal did not cover a portion of medical bills that exceeded 7.5% of his AGI.
c. He is not subject to penalties on the IRA withdrawal because he was disabled by an illness for 2 weeks.
d. He is subject to penalties on the IRA withdrawal because a person may not take a withdrawal from a traditional IRA until they are 59(1)/(2) years old.

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