Question: * * * * * Certainly! Here are three more scenarios in the same format: Scenario 1 0 : Emma, age 5 0 , is

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Certainly! Here are three more scenarios in the same format:
Scenario 10:
Emma, age 50, is a military reservist called to active duty. She takes a $40,000 distribution from her Traditional IRA.
Wages: $38,000
Interest and Dividend income: $1,000
Itemized Deductions: $13,500
Allowable deduction for self-employment tax: None
Calculate:
The portion of the distribution subject to the 10% early withdrawal penalty.
AGI (Adjusted Gross Income)
Taxable Income
Total Tax Liability
Scenario 11:
Noah, age 55, is a military reservist called to active duty. He takes a $30,000 distribution from his Traditional IRA.
Wages: $42,000
Interest and Dividend income: $1,200
Itemized Deductions: $14,000
Allowable deduction for self-employment tax: None
Calculate:
The portion of the distribution subject to the 10% early withdrawal penalty.
AGI (Adjusted Gross Income)
Taxable Income
Total Tax Liability

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