IRA account by the due date

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Reference no: EM13970998

Jack is single, age 65 has made a contribution of $8200 to the traditional IRA account in 2014. How much will be the excise tax in 2014 if Jack withdraws $2200 from the IRA account by the due date?

A. $132

B.$192

C. $30

D. $0

Reference no: EM13970998

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