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need full answer for this question!!! Rating if its fully correct problem 13-61 (LO 13-2) (Algo) (The (OJIowing information applies to the questions displayed below.)
need full answer for this question!!! Rating if its fully correct
problem 13-61 (LO 13-2) (Algo) (The (OJIowing information applies to the questions displayed below.) Kathleen, age 56, works for MH Incorporated in Dallas. Texas. Kathleen contributes to a Roth 401(k), and MH contributes to a traditional 4011k) on her behalf. Kathleen has contributed $30,720 to her Roth 401(k) over the past six years. Tho Current balance in hor Roth 40"k) account 'S $51,200, and the balance in her traditional 401(k) is "0.800. Kathleen needs cash because she is taking o month o' vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming marginal tox for ordinary income is 24 percent. Problem 13-61 part c (Algo) c. Kathleen retires from MH and then teceives a $10,500 distribution from hor traditional 401(k). how much will she be able to keep Otter paying toes ond penalties. if any. on the distribution?
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