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Required information The following information applies to the questions displayed below) Tim has worked for one employer his entire career. While he was working, he

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Required information The following information applies to the questions displayed below) Tim has worked for one employer his entire career. While he was working, he participated in the employer's defined contribution plan [traditional 401k), At the end of 2018, Tim retires. The balance in his defined contribution plan is $2,000,000 at the end of 2017. (Use Exhibit 13-3) (Leave no answer blank. Enter zero if applicable.) Part 4 of 4 eBock d. Assuming that Tim is 75 years old at the end of 2018 and his marginal tax rate is 32 percent, what amount of his distribution will he have remaining after taxes if he receives only a distribution of $50,000 for 2018? Print lax

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