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Sherry, who is 52 years of age, opened a Roth IRA three years ago. She has contributed a total of $12,600 to the Roth IRA

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Sherry, who is 52 years of age, opened a Roth IRA three years ago. She has contributed a total of $12,600 to the Roth IRA (\$4,200 a year). The current value of the Roth IRA is $19,000. In the current year, Sherry withdraws $16,700 of the account balance to purchase a car. Assuming Sherry's marginal tax rate is 24 percent, how much of the $16,700 withdrawal will she retain after taxes to fund her car purchase

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