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Alex is 31 years old and has lived in Los Alamos. New Mexico, for the last four years, where he works at the Los Alamos

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Alex is 31 years old and has lived in Los Alamos. New Mexico, for the last four years, where he works at the Los Alamos National Laboratory (IANL). LANL provides employees with a 401 (k) plan, and for every $1 an employee contributes (up to 9 percent of the employee's salary. LANL contributes $3 a 3 to-1 match). The plan provides a six-year graded vesting schedule. Alex is now in his fifth year working for LANL, and his current-year salary is $170,000. Alex's marginal tax rate is 24 percent in 2022 Answer the following questions relating to Alex's retirement savings in 2022. (Use Exthibit 13-2. Exhibit 1333) EXHIBIT 13-2 Defined Contribution Plans Minimum Vesting Schedules* -Percent of employer contributions no longer subject to forfeiture. Souree: $411(a). EXHIBIT 13-3 Abbreviated Uniform Lifetime Table for Distributions in 2022 "The applicable percentage is colculated by dividing I by the relevant distribution period. Source: Theasury Decision 9930 (November 8, 2020), hutps:-/hublic-inspection federalregzster gov2020-24223, .ddf c. In need of cash to bulid a home theater, Alex withdrew $30,000 from his traditional 401(k) account. What amount of the withdrawal, after taxes and penalties, will Alex have available to complete his project? C. In need of cash to buld a home theater, Alex withdrew $30,000 from lis traditional 401(k) account. What amount of the withdrawal, after taxes and penalties, will Alex have available to complete his project

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