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Priscilla, age 57, had contributed $60,000 over the years to her employer sponsored 401k Roth plan. She is now retired and her 401k Roth is
Priscilla, age 57, had contributed $60,000 over the years to her employer sponsored 401k Roth plan. She is now retired and her 401k Roth is now worth $400,000. The Roth Account was set up 10 years ago. Priscilla wants to see the country in her retirement and withdraws $100,000 to purchase a RV camper. This is her first withdrawal from the account. She is in the 24% marginal tax bracket. How much of the $100,000 withdrawal will Pricilla have to purchase the camper after she pays tax (if any) and penalties (if any)?
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