Problem 13-74 (LO 13-4) (Algo) Sherry, who is 52 years of age, opened a Roth IRA three years ago. She has contributed a total of $14,400 to the Roth IRA ($4,800 a year). The current value of the Roth IRA is $20,900. In the current year, Sherry withdraws $18,600 of the account balance to purchase a car. Assuming Sherry's marginal tax rate is 24 percent, how much of the $18,600 withdrawal will she retain after taxes to fund her car purchase? Amount of withdrawal Non-taxable amount Amount subject to tax Tax rate Penalty rate Tax- Penalty After tax withdrawal retained % %