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In 2022 , Rashaun ( 62 years old) retired and planned on immediately receiving distributions (making withdrawais) from his traditional IRA account. The balance of

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In 2022 , Rashaun ( 62 years old) retired and planned on immediately receiving distributions (making withdrawais) from his traditional IRA account. The balance of his IRA account is $200,000 (before reducing it for withdrawals/distributions described below). Over the years, Rashaun has contributed $55,100 to the IRA. Of his $55,100 contributions, $39,600 was nondeductible and $15,500 was deductible. Assume Rashaun did not make any contributions to the account during 2022. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 13-70 Part a (Algo) a. If Rashaun currently withdraws $20,000 from the IRA, how much tax will he be required to pay on the withdrawal if his marginal tax rate is 24 percent? In 2022 , Rashaun ( 62 years old) retired and planned on immediately receiving distributions (making withdrawais) from his traditional IRA account. The balance of his IRA account is $200,000 (before reducing it for withdrawals/distributions described below). Over the years, Rashaun has contributed $55,100 to the IRA. Of his $55,100 contributions, $39,600 was nondeductible and $15,500 was deductible. Assume Rashaun did not make any contributions to the account during 2022. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 13-70 Part b (Algo) 3. If Rashaun currently withdraws $70,000 from the IRA, how much tax will he be required to pay on the withdrawal if his marginal tax ate is 28 percent

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