The following information applies to the questions displayed below.
Kathleen, age works for MH Incorporated in Dallas, Texas. Kathleen contributes to a Roth k and MH contributes to a traditional k on her behalf. Kathleen has contributed $ to her Roth k over the past six years. The current balance in her Roth k account is $ and the balance in her traditional k is $ 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 percent.
ANSWER ALL QUESTIONS
a If Kathleen receives a $ distribution from her traditional k account, how much will she be able to keep after paying taxes and penalties, if any, on the distribution?
b If Kathleen receives a $ distribution from her Roth k account, how much will she be able to keep afterc. If Kathleen retires from MH and then receives a $ distribution from her traditional k how much will she be able to keep after paying taxes and penalties, if any, on the distribution? on her behalf. Kathleen has contributed $ to her Roth over the past six years information applies to the questions displayed be paying taxes and penalties, if any, on the distribution?
c If Kathleen retires from MH and then receives a $ distribution from her traditional k how much will she be able to keep after paying taxes and penalties, if any, on the distribution?
d If Kathleen retires from MH and then receives a $ distribution from her Roth k how much will she be able to keep after paying taxes and penalties, if any, on the distribution?
e Assume the original facts except that Kathleen is years of age, not If Kathleen receives a $ distribution from her Roth kwithout retiring how much will she be able to keep after paying taxes and penalties, if any, on the distribution?