Dean has earned $70,750 annually for the past five yeaJessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $214,000. Over the years, Jessica had made $21,400 of nondeductible contributions and $67,000 of deductible contributions to the account.

If Jessica receives a $64,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?rs working as an architect for WCC Inc. Under WCC's defined benefit plan (which uses a 7-year graded vesting schedule) employees earn a benefit equal to 3.5% of the average of their three highest annual salaries for every full year of service with WCC. Dean has worked for five full years for WCC and his vesting percentage is 60%. What is Dean's vested benefit (or annual retirement benefit he has earned so far)?

Daniela retired at the age of 65. The current balance in her Roth IRA is $200,000. Daniela established the Roth IRA 10 years ago. Through a rollover and annual contributions Daniela has contributed $87,500 to her account. If Daniela receives a $57,500 distribution from the Roth IRA, what amount of the distribution is taxable?

Lisa, age 47, needed some cash so she withdrew $52,500 from her Roth IRA. At the time of the distribution, the balance in the Roth IRA was $200,000. Lisa established the Roth IRA 10 years ago. Over the years, she has contributed $20,500 to her account. What amount of the distribution is taxable and subject to early distribution penalty?

Kathy is 60 years of age and self-employed. During 2018 she reported $115,000 of revenues and $43,000 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension (SEP) IRA for 2018? (Round your final answer to the nearest whole number)