Kathleen, age 5 6 , works for MH Incorporated in Dallas, Texas. Kathleen contributes to a Roth
Fantastic news! We've Found the answer you've been seeking!
Question:
Kathleen, age works for MH Incorporated in Dallas, Texas. Kathleen contributes to a Roth k and MH contributes to a traditional k on her behalf. Kathleen has contributed $ to her Roth k over the past six years. The current balance in her Roth k account is $ and the balance in her traditional k is $ Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is percent.
b If Kathleen receives a $ distribution from her Roth k account, how much will she be able to keep after paying taxes and penalties, if any, on the distribution?
Posted Date: