Marisa is 40 years old has several 401(k) plans from moving between employers. She's getting overwhelmed by all the plans, and her friend tells her she can roll them over into an IRA. Marisa decides to roll over $100,000 into a qualified Traditional IRA. She receives a check from the 401(k). Marisa's marginal tax rate is 25%. (a) If Marisa deposits the check into the IRA the next day, what will she owe in taxes? Question 15 1.5 pts (b) What would be her taxes if Marisa forgot to deposit her check into the new IRA for 3 months?  

Answer rating: 100% (QA)

To calculate Marisas taxes we need to consider the tax implications of rolling over her 401k funds into a Traditional IRA a If Marisa deposits the che... View the full answer