of Required information The following 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 401(k) on her behalf Kathleen has contributed $32.880 to her Roth 401K) over the past six years. The current balance in her Roth 401(k) account is $54.800 and the balance in her traditional 401K) ES $43,200, Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kallieen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent al Kathleen receves a $12.000 distribution from het traditional 401k) account, how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Answer is complete but not entirely correct $ 2.8803 5 Required information (The following 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 401(k) on her behalt, Kathleen has contributed $32.880 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $54,800 and the balance in her traditional 401(k) is $43 200 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 24 percent b. Kathicen receives a $12,000 distribution from her Roth 2010) account how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Answer is complete but not entirely correct. Nettbution S 0 Required information The following information applies to the questions displayed below! Kathleen age 56, works for MH Incorporated in Dallas, Texas Kathleen contributes to a Roth 4016), and MH contributes to traditional 406) on her beholf Kathleen nos contributed $32,880 to her Roth 404) over the past six years. The current balance in her Roth 401(K) account is $54.800 and the balance in her traditional 401(K) is $43,200 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 24 percent c. It Kothleen retires from MH and then receives a $12.000 distribution from her traditional 40k), how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Required information The following 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 401(k) on her behalt Kathleen has contributed $32,880 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $54,800 and the balance in her traditional 401(k) is $43,200 Kathleen neods 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 24 percent d. If Kathleen retires trom MH and then receives a $12.000 distribution from her Roth 401(k), how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Required information [The following 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 401(k) on her behalt, Kathleen has contributed $32,880 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $54,800 and the balance in her traditional 401(k) is $43,200 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 24 percent e. Assume the original facts except that Kathleen is 60 years of age, not 56 i Kathleen receives a $12,000 distribution from her Roth 4011) without retiring), how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Net distribution
