Question
Harrison made after-tax contributions to his employer's qualified plan of $10,000. At the time he requested a nonperiodic distribution, his account balance was $97,000. He
Harrison made after-tax contributions to his employer's qualified plan of $10,000. At the time he requested a nonperiodic distribution, his account balance was $97,000. He received a one-time distribution of $15,000. How much of the distribution is tax-free?
$0
$1,546
$5,000
$10,000
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Auditing Assurance Services and Ethics in Australia an Integrated Approach
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
9th edition
978-1442539365, 1442539364
