Sherry, who is 52 years of age, opened a Roth IRA three years ago. She has contributed a total of $12,000 to the Roth IRA ($4,000 a year). The current value of the Roth IRA is $19,950. In the current year, Sherry withdraws $17,600 of the account balance to purchase a car. Assuming Sherry's marginal tax rate is 24 percent, how much of the $17,600 withdrawal will she retain after taxes to fund her car purchase? Amount of withdrawal Non-taxable amount Amount subject to tax Tax rate 0 Penalty rate Tax Penalty After tax withdrawal retained