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  3. rollovers (lo 9.8) telly, age 38, has a \$140,000

Rollovers (LO 9.8) Telly, age 38, has a \$140,000 tRA with Blue Mutual Fund. He...

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Rollovers (LO 9.8) Telly, age 38, has a \$140,000 tRA with Blue Mutual Fund. He has read good things about the management of Green Mutuar Fund, so he opens a Green Fund iRA. Tely asked for a distribution rollover and recelved his balance from the Plue fund on May 1, 2022. Telly opted to have no withholding on the ofstribution. a. What amount wil Telly recelve from the Alve fund tras? 1 b. What amount must Telly contribute to the Green Fund tRA to avold having taxable income and penaltes for early withdrawal? c. When is the last day Telly can roll over the amount received into the Green Fund IBA and avoid taration in the current vear, assuming no anusual eiramstances? d. What amount would Telly recelve if the distribution were from his employer's qualified retirement plan

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