Which of the following statements is true regarding taxpayers receiving distributions from traditional defined contribution plans?

Multiple Choice

The required minimum distribution penalty is $25$ percent of the amount required to have been distributed.

A taxpayer who retires at age $75$ in $2024$ must pay a required minimum distribution penalty if she does not receive a distribution in $2024.$

Taxpayers are allowed to deduct either early distribution penalties or required minimum distribution penalties.

A taxpayer who receives a distribution from a retirement account before she is $55$ years old is subject to a $10$ percent penalty on the distributed but not the undistributed portions of her retirement account.