Required information [The following information applies to the questions displayed below.] Kathleen, age 56, works for MH Incorporated in Dallas, Texas. Kathleen contributes to a Roth 401(k), and MH contributes to a traditional 401(k) on her behalf. Kathleen has contributed $46,560 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $77,600 and the balance in her traditional 401(k) is $58,400. Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent. . If Kathleen receives a $21,500 distribution from her Roth 401(k) account, how much will she be able to keep after paying taxes and enalties, if any, on the distribution? Required information [The following information applies to the questions displayed below.] Kathleen, age 56, works for MH Incorporated in Dallas, Texas. Kathleen contributes to a Roth 401(k), and MH contributes to a traditional 401(k) on her behalf. Kathleen has contributed $46,560 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $77,600 and the balance in her traditional 401(k) is $58,400. Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent. : If Kathleen retires from MH and then receives a $21,500 distribution from her traditional 401(k), how much will she be able to keep fter paying taxes and penalties, if any, on the distribution? Required information [The following information applies to the questions displayed below.] Kathleen, age 56, works for MH Incorporated in Dallas, Texas. Kathleen contributes to a Roth 401(k), and MH contributes to a traditional 401(k) on her behalf. Kathleen has contributed $46,560 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $77,600 and the balance in her traditional 401(k) is $58,400. Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent. . If Kathleen retires from MH and then receives a $21,500 distribution from her Roth 401(k), how much will she be able to keep after aying taxes and penalties, if any, on the distribution
