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what is A,B and C Mrs. Kwan withdrew the entire $8,000 balance from her Roth IRA this year. Her total contributions to the account were
what is A,B and C
Mrs. Kwan withdrew the entire $8,000 balance from her Roth IRA this year. Her total contributions to the account were $6,070, and her marginal tax rate is 12 percent. Determine the tax cost of the withdrawal if: a. Mrs. Kwan is age 63 and opened the Roth IRA three years ago. b. Mrs. Kwan is age 63 and opened the Roth IRA seven years ago. c. Mrs. Kwan is age 48 and opened the Roth IRA seven years ago. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required c Determine the tax cost of the withdrawal if Mrs. Kwan is age 63 and opened the Roth IRA three years ago. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Tax cost of the withdrawal S 290 xStep by Step Solution
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