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Required information Problem 13-72 (LO 13-4) (Algo) [The following information applies to the questions displayed below.) Jimmer has contributed $19,000 to his Roth IRA, and
Required information Problem 13-72 (LO 13-4) (Algo) [The following information applies to the questions displayed below.) Jimmer has contributed $19,000 to his Roth IRA, and the balance in the account is $22,000. In the current year, Jimmer withdrew $20,600 from the Roth IRA to pay for a new car. If Jimmer's marginal ordinary income tax rate is 21 percent, what amount of tax and penalty, if any, is Jimmer required to pay on the withdrawal in each of the following alternative situations? (Leave no answers blank. Enter zero if applicable.) Problem 13-72 Part a (Algo) a. Jimmer opened the Roth account 44 months before he withdrew the $20,600 and Jimmer is 62 years of age. Tax Penalty ! Required information Problem 13-72 (LO 13-4) (Algo) [The following information applies to the questions displayed below.) Jimmer has contributed $19,000 to his Roth IRA, and the balance in the account is $22,000. In the current year, Jimmer withdrew $20,600 from the Roth IRA to pay for a new car. If Jimmer's marginal ordinary income tax rate is 21 percent, what amount of tax and penalty, if any, is Jimmer required to pay on the withdrawal in each of the following alternative situations? (Leave no answers blank. Enter zero if applicable.) Problem 13-72 Part b (Algo) b. Jimmer opened the Roth account 44 months before he withdrew the $20,600 and Jimmer is age 53. Tax Penalty Required information Problem 13-72 (LO 13-4) (Algo) (The following information applies to the questions displayed below. Jimmer has contributed $19,000 to his Roth IRA, and the balance in the account is $22,000. In the current year, Jimmer withdrew $20,600 from the Roth IRA to pay for a new car. If Jimmer's marginal ordinary income tax rate is 21 percent, what amount of tax and penalty, if any, is Jimmer required to pay on the withdrawal in each of the following alternative situations? (Leave no answers blank. Enter zero if applicable.) Problem 13-72 Part d (Algo) d. Jimmer opened the Roth account 76 months before he withdrew the $20,600 and Jimmer is age 53. Tax Penalty
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