Kaylani is 52 years old and makes a nonqualified withdrawal of $⁢7,000 from their traditional IRA. What is the total penalty amount they will incur, excluding any income taxes?

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700 dollars

Individual Retirement Plans - Quiz Quiz

Kaylani is 52 years old and makes a nonqualified withdrawal of $⁢7,000 from their traditional IRA. What is the total penalty amount they will incur, excluding any income taxes?

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