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Stephanie made a fully deductible contribution to a traditional IRA account several years ago. In 2019, she withdrew $4,000 and contributed (rolled over) $3,000 to

Stephanie made a fully deductible contribution to a traditional IRA account several years ago. In 2019, she withdrew $4,000 and contributed (rolled over) $3,000 to a Roth IRA. What amount of taxes and penalty is she required to pay on the rollover? Assume her marginal tax rate is 25%.

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