Over the past three years, Sherry has contributed a total of $18,900 to a Roth IRA account ($6,300 a year). The current value of the Roth IRA is $24,600. In the current year, Sherry withdraws $22,300 of the account balance to purchase a car. Assuming Sherry (currently age 52) is in the 24 percent marginal tax bracket, how much of the $22,300 withdrawal will she retain after taxes to fund her car purchase?

Amount of withdrawal Non-taxable contributions Amount subject to tax Tax rate Penalty rate |Tax Penalty After tax withdrawal retained