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10 Required information Kathleen, age 56, works for MH, Inc., in Dallas, Texas. Kathleen contributes to a Roth 401k) and MH contributes to a traditional

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10 Required information Kathleen, age 56, works for MH, Inc., in Dallas, Texas. Kathleen contributes to a Roth 401k) and MH contributes to a traditional 401(k) on her behalf. Kathleen has contributed $40,800 to her Roth 401(k) over the past six years. The current balance in her Roth 401k) account is $68,000 and the balance in her traditional 401(k) is $52,000. Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent Part 1 of 5 eBook a. If Kathleen receives a $17,500 distribution from her traditional 401k) account, how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Pent Required information Part 2 of 5 Kathleen, age 56, works for MH, Inc., in Dallas, Texas. Kathleen contributes to a Roth 401(k) and MH contributes to a traditional 401(k) on her behalf. Kathleen has contributed $40,800 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $68,000 and the balance in her traditional 401(k) is $52,000. Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent eBoock b. If Kathleen receives a $17,500 distribution from her Roth 401k) account, how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Print 12 Required information Part 3 of 5 age 56, works for MH, Inc., in Dallas, Texas. Kathleen contributes to a Roth 401k) and MH contributes to a traditional 401(k) on her behalf. Kathleen has contributed $40,800 to her Roth 401) over the past six years. The current balance in her Roth 401k) account is $68,000 and the balance in her traditional 401x) is $52,000 Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is eBook c. If Kathleen retires from MH and then she receives a $17,500 distribution from her traditional 401k, keep after paying taxes and penalties, if any, on the distribution? how much will she be able to Print Net d 13 Required information Part 4 of 5 Kathleen, age 56, works for MH, Inc., in Dallas, Texas. Kathleen contributes to a Roth 401(k) and MH contributes to a traditional 401(k) on her behalf Kathleen has contributed $40,800 to her Roth 401(k) over the past six years. The current balance in her Roth 401k) account is $68,000 and the balance in her traditional 401k) is $52,000. Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent. eBook d. If Kathleen retires from MH and then she receives a $17,500 distribution from her Roth 401(k), how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Print

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