Zander is a 50-year-old married man who files taxes separately from his wife. He has been making monthly contributions into his traditional IRA for many years. Last year, he entered into a new business partnership and decided to withdraw $50,000 from his IRA to make the initial investment in the partnership. Zander’s taxable income for the year, excluding the $50,000 from his IRA, was $97,000. How much extra did he pay in both penalty and taxes because of this withdrawal?