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the answer i got was wrong but also tried it again and got 14256. just not feeling very confident and I only have two trues
the answer i got was wrong but also tried it again and got 14256. just not feeling very confident and I only have two trues left. Any help is appreciated.
Required information Problem 13-61 (LO 13-2) (Algo) [The following information applies to the questions displayed below.] Kathleen, age 56. works for MH Incorporated in Dallas, Texas. Kathleen contributes to a Roth 401(k), and MH contributes to a traditional 401(k) on her behalf. Kathleen has contributed $39,360 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $65,600 and the balance in her traditional 401(k) is $50,400. Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent. roblem 13-61 Part b (Algo) 1f Kathleen receives a $16,500 distribution from her Roth 401(k) account, how much will she be able to keep after paying taxes and enalties, if any, on the distribution Step by Step Solution
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