INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
Dan and Betty, both in their early 30s, want to withdraw $9,000 from their individual retirement account (IRA) to put toward the purchase of their first home. They [ will | will not ] have to pay a penalty.