Mrs. Kirk withdrew $39,000 from a retirement account and used the money to furnish her new home. Her marginal tax rate is 24 percent.

Required: Compute the tax cost of the withdrawal in each of the following cases:

1. Mrs. Kirk is 56 years old. She withdrew the money from a personal savings account.
2. Mrs. Kirk is 56 years old. She withdrew the money from her employer-sponsored qualified plan upon her retirement from the company. Mrs. Kirk made no after-tax contributions to this plan.
3. Mrs. Kirk is 56 years old. She withdrew the money from her employer-sponsored qualified plan, but she intends to work for the employer for at least 10 more years. Mrs. Kirk made no after-tax contributions to this plan.
4. Mrs. Kirk is 61 years old. She withdrew the money from her employer-sponsored qualified plan, but she intends to work for the employer for at least 4 more years. Mrs. Kirk made no after-tax contributions to this plan.