4. Phillip, who is age 52 right now, made contribu amount of $5,000. He also converted his traditiona now, made contribution to his Roth IRA two years ago in the also converted his traditional IRA of S15,000 to this Roth IRA last ne were to take a distribution of the entire balance ($25,000) from h today to purchase a new car. How much of the $25,000 distribution is subject to ordinary income? Exp answer. (5 pts) e balance ($25,000) from his Roth IRA How much of the S25,000 distribution is subject to the 10% penalty? Explain your answer. (5 pts) 4. Phillip, who is age 52 right now, made contribu amount of $5,000. He also converted his traditiona now, made contribution to his Roth IRA two years ago in the also converted his traditional IRA of S15,000 to this Roth IRA last ne were to take a distribution of the entire balance ($25,000) from h today to purchase a new car. How much of the $25,000 distribution is subject to ordinary income? Exp answer. (5 pts) e balance ($25,000) from his Roth IRA How much of the S25,000 distribution is subject to the 10% penalty? Explain your answer. (5 pts)