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[The following information applies to the questions displayed below] Kathicen, age 56, works for MH Incorporated in Dallas, Texas, Kathleen contributes to a Roth 401(K),

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[The following information applies to the questions displayed below] Kathicen, 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, Kathileen has contributed $35,760 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $59,600, and the balance in her traditional 401(k) is $46,400. 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. Problem 13-61 Part a (Algo) If Kothieen recelves a $14.000 distribution from her traditional 401(k) account, how much will she be able to keep after paying taxes. nd penalties, if any, on the distribution? [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 $35,760 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $59,600, and the balance in her traditional 401(k) is $46,400. 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. Problem 13.61 Part b (Algo) b. If Kathleen receives a $14,000 distribution from her Roth 401(k) account, how much will she be able to keep after paying taxes and penalties, if any, on the distribution? 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 $35,760 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $59,600, and the balance in her traditional 401(k) is $46,400. 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 c (Algo) If Kathleen retires from MH and then recelves a $14,000 distribution from her traditional 401(k), how much will she be able to keep ter paying taxes and penalties, if any, on the distribution? 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 $35,760 to her Roth 401(k) over the past six years. The current balance in her Roth 401(k) account is $59,600, and the balance in her traditional 401(k) is $46,400. Kathleen needs cash because she is taking a month of vacation to travel the world. Answer the following questions relating to distributions from Kathieen's retirement accounts assuming her marginal tax rate for ordinary income is 24 percent. roblem 13-61 Part d (Algo) If Kathleen retires from MH and then receives a $14,000 distribution from her Roth 401(k), how much will she be able to keep after ying taxes and penalties, if any, on the distribution? 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 $35,760 to her Roth 401(k) over the past slix years, The current balance in her Roth 401(k) account is $59,600, and the balance in her traditional 401(k) is $46,400. 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. Problem 13-61 Part e (Algo) Assume the original facts except that Kathleen is 60 years of age, not 56 . If Kathleen recelves a $14,000 distribution from her Roth 101(k ) (without retiring), how much will she be able to keep after paying taxes and penalties, if any, on the distribution

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