Question $15$

$\frac{0}{1}$ pts

Cathy, age $56,$ works for RI Incorporated in San Antonio, Texas. Cathy contributes to a Roth $401($k$),$ and RI contributes to a traditional $401($k$)$ on her behalf. Cathy has contributed $$27,710$ to her Roth $401(k)$ over the past six years. The current balance in her Roth $401(k)$ account is $$51,680,$ and the balance in her traditional $401(k)$ is $$60,000.$ Cathy's marginal tax rate for ordinary income is $28$ percent.

If Cathy retires from $RI$ and then receives a $$5,100$ distribution from her traditional $401($k$)$ account, how much will she be able to keep after paying taxes and penalties, if any, on the distribution? $ $q,$

Answered

$246,789$

Answer

$3,672$ margin of error $\frac{+}{-}2$