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

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14 Required information 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 401k) over the past six years. The current balance in her Roth 401(k) 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 fronm Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent Part 5 of 5 eBook e. Assume the original facts except that Kathleen is 60 years of age, not 56. If Kathleen receives a $17,500 distribution from her Roth 4010) (without retiring), how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Print 15 Paris participates in her employer's nonqualified deferred compensation plan For 2018, she is deferring 10 percent of her $380,000 annual salary. Assuming this is her only source of income and her marginal income tax rate is 32 percent, how much does deferring Paris's income save her employer (after taxes) in 20187 The marginal tax rate of her employer is 21 percent (ignore payroll taxes)

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