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Required Problem 13-52 (LO 5-3) (Static) [The following information applies to the questions displayed below.] Allie received a $50,000 distribution from her 401(k) account this
Required Problem 13-52 (LO 5-3) (Static) [The following information applies to the questions displayed below.] Allie received a $50,000 distribution from her 401(k) account this year that she established while working for Big Inc. Assume that her marginal ordinary tax rate is 24 percent. Problem 13-52 Part a (Static) a. Allie is 45 and still employed with Big Stories, Inc. How much tax and penalty will Allie pay on the distribution? Tex and penalty $ 12,000 [The following information applies to the questions displayed below.] Allie received a $50,000 distribution from her 401(k) account this year that she establi Inc. Assume that her marginal ordinary tax rate is 24 percent. Problem 13-52 Part a (Static) a. Allie is 45 and still employed with Big Stories, Inc. How much tax and penalty will Allie pay X Answer is complete but not entirely correct. Tax and penalty $ 12,000 X
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