Taxable?

to.mheducation.com/ext/map/index.html Saved oblems Required information [The following information applies to the questions displayed below.) In 2019. Rashaun (62 years old) retired and planned on immediately receiving distributions (making withdrawals) from his traditional IRA account. The balance of his IRA account is $270,000 (before reducing it for withdrawals/distributions described below). Over the years, Rashaun has contributed $74,350 to the IRA. Of his $74,350 contributions, $55,350 was nondeductible and $19,000 was deductible. Assume Rashaun did not make any contributions to the account during 2019. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) b. If Rashaun currently withdraws $70,000 from the IRA, how much tax will he be required to pay on the withdrawal if his marginal tax rate is 28 percent? $ 70,000 Amount of Withdrawal Ratio of nondeductible contributions: Non-deductible contributions Total IRA account balance Non-taxable $ 55 350 270.000 $ 20.50% 14.350 $ Taxable Tax Rate 28% Tax $ 0 to search 8 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 8 Part 1 of 3 Required information (The following information applies to the questions displayed below.) 2 points Jackson and Ashley Turner (both 45 years old) are married and want to contribute to a Roth IRA for Ashley. In 2019, their AGI is $198,100. Jackson and Ashley each earned half of the income Use Tax Rate Schedule for reference. (Leave no answer blank. Enter zero if applicable.) a. How much can Ashley contribute to her Roth IRA if they file a joint return? Answer is complete but not entirely correct. Contribution to Roth IRA $ 2,700 X