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* * * * * * Scenario 3 1 : Emma, age 5 3 , is a military reservist called to active duty. She takes

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Scenario 31:
Emma, age 53, is a military reservist called to active duty. She takes a $25,000 distribution from her Traditional IRA.
Wages: $42,000
Interest and Dividend income: $800
Itemized Deductions: $13,000
Allowable deduction for self-employment tax: None
Calculate:
The portion of the distribution subject to the 10% early withdrawal penalty.
AGI (Adjusted Gross Income)
Taxable Income
Total Tax Liability

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