Steve and Naomi are both age 41. Steve decided to quit his job and received a total distribution

from his 401(k). Steve received the distribution on 2/28/2017. He used $4,000 to pay off his

car loan and rolled over the remaining distribution to the 401(k) plan at his new job on April 15,

2017. Steve did not add the withheld federal and state tax withholding to the remaining

distribution that was rolled over. Steve's Form 1099-R is shown below. How much of the

distribution is taxable to Steve?

a) $79,934

b) $75,934

c) $ 4,000

d) $23,982