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Levi Lohan, age 64, plans to retire this December. Levi intends to withdraw funds from an IRA to finance the purchase of a condominium and

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Levi Lohan, age 64, plans to retire this December. Levi intends to withdraw funds from an IRA to finance the purchase of a condominium and is projecting a balance of $86,500 in the account at retirement. Required: Assuming a 24 percent marginal tax rate, compute the after-tax cash from the IRA liquidation assuming that: o. The IRA is a Roth IRA and was opened in 2001. b. The IRA is a traditional IRA and all contributions were deductible. c. The IRA is a fraditional IRA in which $20,400 were deductible and $32,600 were nondeductible contributions. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the after-tax cash from the IRA liquidation assuming that: The IRA is a traditional IRA In which $20,400 were deductible and $32,600 were nondeductible contributions

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