Question 2 Not yet answered Marked out of 1.00 P Flag question Peter purchased an apartment building on 9/3/2020 for $300,000 What is the depreciation deduction for 2020? Answer: Question 12 Not yet answered Marked out of 1.00 P Flag question Gina worked for ABC Corp. for the last two years and nine months. Gina participates in ABC's 401(k) plan. During her employment, Gina contributed $8,000 to her 401(k) account. ABC has contributed $4,000 to Gina's 401(k) account (it matched 50 cents of every dollar contributed). ABC uses a three-year cliff vesting schedule. If Gina were to quit her job with SEC, what would be her vested benefit in her 401(k) account (assume the account balance is $12,000)? Answer: Question 18 Not yet answered Marked out of 1.00 P Flag question On April 15, Richard (age 57) was fired from his employer of 25 years due to poor performance.. During his 25 years of employment, Richard contributed $200,000 to his traditional 401(k) account. When Richard was fired, his 401(k) account balance was $700,000 (this included both employer matching and account earnings). Richard immediately withdrew $50,000 to use for expenses.. What amount of tax and 10% early distribution penalty must Richard pay on the $50,000 withdrawal if his ordinary marginal tax rate is 32 percent