10. Cheryl took early retirement at age 55 in 2024 and received...

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Accounting

10. Cheryl took early retirement at age 55 in 2024
and received a $10,000 taxable distribution
from her Archer MSA during the year. What, if
any, tax penalty will be imposed on her MSA
distribution if no exception to the penalty
applies:
A. $500
B. $1,000
C. $2,000
D. $5,000

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