Georgeanne has been employed by SEC Corporation for the last two and a half years. Georgcanne participates in SECs 401(k) plan. During her employment, Georgeanne has contributed $6,000 to her 401(k) account. SEC has contributed $3,000 to Georgeanne's 401(k) account (it matched 50 cents of every dollar contributed). SEC uses a three-year cliff vesting schedule. If Georgeanne were to quit her job with SEC, what would be her vested benefit in her 401(k) account (assume the account balance is $9,000)? Vested Benefit On March 30, Rodger (age 56) was laid off from his employer of 30 years due to rough economic times. During his 30 years of employment, Rodger contributed S300,000 to his traditional 401(k) account. When Rodger was let go, his 401(k) account balance was $900.000 (this included both employer matching and account earnings). Rodger immediately withdrew $40,000 to use as an emergency savings fund. What amount of tax and early distribution penalties must Rodger pay on the $40,000 withdrawal if his ordinary marginal tax rate is 28 percent? Taxes on distribution Penalty on distribution Heidi (age 57) invested $4,000 in her Roth 401(k) on January 1, 2012. This was her only contribution to the account. On July 1, 2020, when the account balance was $6,000, she received a nonqualified distribution of $4,500. What is the taxable portion of the distribution and what amount of early distribution penalty will Heidi be required to pay on the distribution? Taxable portion of distribution Tax on distribution Penalty on distribution Sean (age 75 at end of 2020) retired five years ago. The balance in his 401(k) account on December 31, 2019, was $1,800,000 and the balance in his account on December 31, 2020, was S1,875,000. In 2020, Sean received a distribution of S75,000 from his 401(k) account. Assuming Sean's marginal tax rate is 25 percent, what amount of the $75,000 distribution will Sean have left after paying income tax on the distribution and paying any minimum distribution penalties (use the Treasury table below in determining the required minimum distribution penalty, if any)