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Return to question Required information [The following information applies to the questions displayed below.] Jimmer has contributed $27,500 to his Roth IRA, and the balance

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Return to question Required information [The following information applies to the questions displayed below.] Jimmer has contributed $27,500 to his Roth IRA, and the balance in the account is $30,500. In the current year, Jimmer withdrew $28,250 from the Roth IRA to pay for a new car. If Jimmer's marginal ordinary income tax rate is 24 percent, what amount of tax and penalty, if any, is Jimmer required to pay on the withdrawal in each of the following alternative situations? (Leave no answers blank. Enter zero if applicable.) a. Jimmer opened the Roth account 44 months before he withdrew the $28,250 and Jimmer is 62 years of age. X Answer is complete but not entirely correct. Tax $ 700 X Penalty $ 0 Required information [The following information applies to the questions displayed below.] Jimmer has contributed $27,500 to his Roth IRA, and the balance in the account is $30,500. In the current year, Jimmer withdrew $28,250 from the Roth IRA to pay for a new car. If Jimmer's marginal ordinary income tax rate is 24 percent, what amount of tax and penalty, if any, is Jimmer required to pay on the withdrawal in each of the following alternative situations? (Leave no answers blank. Enter zero if applicable.) b. Jimmer opened the Roth account 44 months before he withdrew the $28,250 and Jimmer is age 53. X Answer is complete but not entirely correct. Tax $ 0 x Penalty $ | A 0 X

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