Question
After saving for 50yrs, you are now retired and are currently required to withdraw some of the money from your 401-K account. Below is the
After saving for 50yrs, you are now retired and are currently required to withdraw some of the money from your 401-K account. Below is the current tax situation:
Your tax bracket = 30%
Long-term Capital Gains Tax Rate = 20%
What are the taxes owed if you withdraw $20,000 of the funds from the 401-K account?
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
