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QUESTION 4 All of the following should be included in the tax constraint for an individual investor EXCEPT: Penalty tax on an

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Penalty tax on an early distribution from the investor's traditional IRA

Reference:- Generally, early withdrawal from an Individual Retirement Account (IRA) prior to age 59½ is subject to being included in gross income plus a 10 percent additional tax penalty. There are exceptions to the 10 percent penalty, such as using IRA funds to pay your medical insurance premium after a job loss.

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