h 11 Problem 11-59 (LO 11-5) Pablo and his wife Bernita are both age 52. Their combined AGl is $77000. Neither is a participant in an employer-sponsored retirement plan. They have been contributing to a traditional IRA for many years and have built up an IRA balance of $100,000. They are considering rolling the traditional IRA into a Roth IRA a. Is the couple eligible to make the conversion? b. Assume that the couple does not make the conversion but, instead, establishes a separate Roth IRA in the current year and properly contributes $2,700 per year for four years, at which point the balance in the Roth is $21,000 (contributions plus investment earnings) At the end of four years, they withdraw $19,000 to pay for an addition to their house. What is the amount of withdrawal that is taxable, if any? c Assume same facts as in requirement b, except that they instead withdrew only $6,000. What is the amount of withdrawal that is d What is the taxable amount if the $19,000 withdrawal is used to pay qualified education expenses for their daughter who is taxable? attending college? a Is the couple eligible to make the conversion? Yes b. Taxable amount of withdrawal c. Taxable amount of withdrawal d Taxable amount of withdrawal