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Tomas, age 38, has a $173,400 IRA with Blue Mutual Fund. He has read good things about the management of Green Mutual Fund, so he

Tomas, age 38, has a $173,400 IRA with Blue Mutual Fund. He has read good things about the management of Green Mutual Fund, so he opens a Green Fund IRA. Tomas asked for a distribution rollover and received his balance from the Blue Fund on May 1, 2019. Tomas opted to have no withholding on the distribution

a. What amount must Tomas contribute to the Green Fund IRA to avoid having taxable income and penalties for early withdrawal?

d. What amount would Tomas receive if the distribution were from his employer's qualified retirement plan?

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