Required information [The following information applies to the questions displayed below.] George (age 42 at year-end) has been contributing to a traditional IRA for years (all deductible contributions) and his IRA is now worth $25,000. He is planning on transferring (or rolling over) the entire balance into a Roth IRA account. George's marginal tax rate is 24 percent. (Leave no answer blank. Enter zero if applicable.) a. What are the tax consequences to George if he takes $25,00 DO out of the traditional IRA and puts the entire amount into a Roth IRA? Tax payable Penalty Total