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Please double check my answers for these questions. Thanks! 41 41 Fred has an IRA. He lost his job in February 2018. Although Fred found

Please double check my answers for these questions. Thanks!

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41 41 Fred has an IRA. He lost his job in February 2018. Although Fred found another job in August, he did not have enough savings to cover expenses for his period of unemployment. Fred took a distribution of $8,000 from his IRA, used it on expenses, and decided to redeposit as much as he could before the end of the year. Since federal taxes of 20% were withheld, he received a net amount of $6,400. In December 2018, Fred contributed $6,400 to his IRA. Fred is 58 years old, earned wages of $25,000 for the year, and files as Married Filing Jointly. His wife Joan is 66. What will Fred's taxable income be for 2018? a) $9,000 b) $1,300 $7,700 $8,000 42. Doris was 70 1/2 on May 20, 2017. The bank which held her IRA account had indicated that she would be required to take a Required Minimum Distribution (RMD) of $3,000. She took her RMD on June 30, 2018, since it was the year after the year in which she turned 70 72. Assume that her federal tax rate is 22%. What amount of federal taxes must she pay on her $3,000 withdrawal? $ 660 b) $2,160 c) $1,500 d) $ 960 43) Steve, age 55, retired last year on disability due to back problems. Before retirement, his employer paid 75% of his disability insurance premiums. Last year, Steve received $1,350 per month from disability (for 12 months). How much of Steve's disability payments are reported as taxable income? a) $12,150 $16,200 $ 4,050 d) $ 0

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