Required information The following information applies to the questions displayed below] Kathleen, age 56, works for MH incorporated in Dalas, Texas, Kathleen contributes to a Roth 401(k), and MH contributes to a traditional 401(k) on her behalf, Kathleen has contributed $45,120 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $75,200, and the balance in her traditional 401(k) is $56,800. 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 $20,500 distribution from her traditional 401(k) account, how much will she be able to keep after paying taxes nd penaities, 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 $45,120 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $75,200, and the balance in her traditional 401(k) is $56,800. Kathleen needs cash because she is taking a month of vacation to trovel 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 $20,500 distribution from her Roth 401(k) account, how much will she be oble 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 $45,120 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $75,200, and the balance in her traditional 401(k) is $56,800. 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. c. If Kathleen retires from MH and then recelves a $20,500 distribution from her traditional 401(k), how much will she be able to keep after paying taxes and penalties, if any, on the distribution? Required information [The following information applies to the questions displayed below.] Kathleen, oge 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 $45.120 to her Roth 401(K) over the past six years. The current balance in her Roth 401(k) account is $75,200, and the balance in her traditional 401(k) is $56,800. Kathleen necds 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 n$20,500 distribution from her Roth 401(k), how much will she be able to keep after aying taxes and penalties, if any, on the distribution? Required information [The foliowing information applies to the questions displayed below] Kathleen, oge 56, works for MH Incorporated in Dallas, Texas. Kathloen contributes to a Roth 401(k), and MH contributes to a traditional 401(k) on her behalf, Kathicen has contributed $45,120 to her Roth 401(k) over the past six years. The current balance in her Roth 401(K) account is $75.200, and the balance in her traditional 401(K) is $56,800. Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kothleen's retirement occounts assuming her marginol tax rate for ordinary income is 24 percent. Assume the original facts except that Kathleen is 60 years of oge, not 56 . If Kathleen receives a $20,500 distribution from her Roth 101(k) (without retiring), how much will she be able to keep after paying taxes and penalties, If any, on the distribution
