$9$

Required information

Problem $13-61($LO $13-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Kathleen, age $56,$ works for MH Incorporated in Dallas, Texas. Kathleen contributes to a Roth $401($k$),$ and MH contributes to a traditional $401(k)$ on her behalf. Kathleen has contributed $$41,520$ to her Roth $401(k)$ over the past six years. The current balance in her Roth $)$ account is $$69,200,$ and the balance in her traditional $401(k)$ is $$52,800.$ 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.

Problem $13-61$ Part b $($Algo$)$

b$.$ If Kathleen receives a $$18,000$ distribution from her Roth $401(k)$ account, how much will she be able to keep after paying taxes and penalties, if any, on the distribution?

Net distribution