$*****$

Scenario $23$:

Statement: Mia retired at age $56$ and took a $$70,000$ distribution from her Traditional IRA.

Wages: $$22,000($part$-$time work$)$

Interest and Dividend Income: $$1,800$

Itemized Deductions: $$15,500$

Allowable deduction for self$-$employment tax: None

Calculate:

The portion of the distribution subject to the $10\%$ early withdrawal penalty.

AGI, Taxable Income, and Total Tax Liability $($including the penalty$)$