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Anthony, a 58-year-old professor, is subject to a 28% marginal tax rate

Economics

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Anthony, a 58-year-old professor, is subject to a 28% marginal tax rate. He has a family emergency and must withdraw $7100 from his traditional IRA to fund it. How much money will he owe the government for this withdrawal?

A. $710

B. $199

C. $2698

D. $1988