John inherited $1 million in an IRA, which comprised the entire estate from his father, who had

Question:

John inherited $1 million in an IRA, which comprised the entire estate from his father, who had recently died. He promptly withdrew the funds. The appropriate marginal tax rate was 39.6 percent. Was there any tax due? If so, how much? Assume it was $1 million in held in a personal account. Would your answer be the same? Explain.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...