I need Help with Questions A, B, & C

Cutty Logo, na weh to contents en 18A X e Yeer onded Decanter 01.2000 She wanted toneel promoved by her now. It ca de 200 m 13.00 .com my con Requirement. Wowwy temacotton to 200 hection, what is the round the contraste w Alive Me Alle Mecim titutional Dana A NIRA Honductie co to tra a. What type of IRA, if any, is Cathy Lee eligible to make a contribution to for 2020? If she is eligible to contribute to an IRA, what is the maximum amount that she can contribute to the IRA? b. Assume Cathy Lee contributes a total of $18,000 over six years to a Roth IRA. In 2026, she withdraws $23,000 to pay off her car loan. Her financial advisor suggested she withdraw the money from the IRA for two major reasons: (1) to eliminate her debt and (2) no tax would be due on distributions from a Roth IRA after five years. Cathy Lee wants to verify the accuracy of her advisor's advice. What would be the tax consequences of this withdrawal? Alternatively, what if Cathy Lee withdrew the $23,000 to purchase a house (she is a first-time homebuyer)? c. Alternatively to Part b above, assume Cathy Lee has a traditional deductible IRA that has a balance of $40,000. She has been able to deduct all of her contributions to the IRA in prior years. Her financial advisor has recommended that she rollover the funds from her traditional IRA to a Roth IRA in 2020. What are the tax consequences of this rollover in 2020? Cutty Logo, na weh to contents en 18A X e Yeer onded Decanter 01.2000 She wanted toneel promoved by her now. It ca de 200 m 13.00 .com my con Requirement. Wowwy temacotton to 200 hection, what is the round the contraste w Alive Me Alle Mecim titutional Dana A NIRA Honductie co to tra a. What type of IRA, if any, is Cathy Lee eligible to make a contribution to for 2020? If she is eligible to contribute to an IRA, what is the maximum amount that she can contribute to the IRA? b. Assume Cathy Lee contributes a total of $18,000 over six years to a Roth IRA. In 2026, she withdraws $23,000 to pay off her car loan. Her financial advisor suggested she withdraw the money from the IRA for two major reasons: (1) to eliminate her debt and (2) no tax would be due on distributions from a Roth IRA after five years. Cathy Lee wants to verify the accuracy of her advisor's advice. What would be the tax consequences of this withdrawal? Alternatively, what if Cathy Lee withdrew the $23,000 to purchase a house (she is a first-time homebuyer)? c. Alternatively to Part b above, assume Cathy Lee has a traditional deductible IRA that has a balance of $40,000. She has been able to deduct all of her contributions to the IRA in prior years. Her financial advisor has recommended that she rollover the funds from her traditional IRA to a Roth IRA in 2020. What are the tax consequences of this rollover in 2020