19-42 (LO. 6) Samuel, age 32, loses his job in a corporate downsizing. As a result of his termination, he receives a distribution of the balance in his 401(k) account of $20,000 ($25,000 - $5,000 Federal income tax withholding) on May 1, 2021. Samuel's marginal tax rate is 24%. a. What effect will the distribution have on Samuel's gross income and tax liability if he invests the $20,000 received in a mutual fund? in his gross income and his tax liability (ignoring penalties) on the distribution is $ Samuel includes $ b. What effect will the distribution have on Samuel's gross income and tax liability if he invests the $20,000 received in a traditional IRA within 60 days of the distribution? Samuel includes $ in his gross income. His related tax liability (ignoring penalties) is $ c. What effect will the distribution have on Samuel's gross income and tax liability if he invests the $20,000 received in a Roth IRA within 60 days of the distribution? Samuel includes in his gross income and the related tax liability (ignoring penalties) is $ d. How could Samuel have received better tax consequences when he invested the $20,000 received in a traditional IRA within 60 days of the distribution? For each of following, select "Yes" or "No", whichever is appropriate. a. If he had contributed $25,000 to the traditional IRA, then the amount included in his gross income would have been $0. b. If he had contributed half of what he received to a traditional IRA and half to a Roth IRA, the amount included in his gross income would have been $0. c. He could have used the direct transfer approach rather than the indirect rollover approach, and there would have been no withholding. d. If he had invested the entire amount in company stock, there would have been no withholding