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Problem $13-61(LO13-2)(Static)$

$[The$ following information applies $to$ the questions displayed below.$]$

Kathleen, age $56,$ works for $MH$ Incorporated $in$ Dallas, Texas. Kathleen contributes $to$ a Roth $401(k),$ and $MH$ contributes $to$ a traditional $401(k)on$ her behalf. Kathleen has contributed $\frac{?}{?}$$$30,000to$ her Roth $401(k)$ over the past six years. The current balance $in$ her Roth $\frac{?}{(401(\frac{?}{\text{m}\text{a}\text{t}\text{h}\text{r}\text{m}\{k\}})\frac{?}{?})}$ account $is\frac{?}{(\frac{?}{?}\text{\$}50,000\frac{?}{?})},$ and the balance $in$ her traditional $\frac{?}{(401(\frac{?}{\text{m}\text{a}\text{t}\text{h}\text{r}\text{m}\{k\}})\frac{?}{?})}is\frac{?}{(\frac{?}{?}\text{\$}40,000\frac{?}{?}).}$ Kathleen needs cash because she $is$ taking a month $of$ vacation $to$ travel the world. Answer the following questions relating $to$ distributions from Kathleen's retirement accounts assuming her marginal tax rate for ordinary income $is24$ percent.

Problem $13-61$ Part $a(Static)$

$a.If$ Kathleen receives $a\frac{?}{?}$$$10,000$ distribution from her traditional $\frac{?}{(401(\frac{?}{\text{m}\text{a}\text{t}\text{h}\text{r}\text{m}\{k\}})\frac{?}{?})}$ account, how much will she $be$ able $to$ keep after paying taxes and penalties, $if$ any, $on$ the distribution?

$b.If$ Kathleen receives $a$ $$10,000$ distribution from her Roth $401(k)$ account, how much will she $be$ able $to$ keep after paying

taxes and penalties, $if$ any, $on$ the distribution?

Net distribution $c.If$ Kathleen retires from $MH$ and then receives $a$ $$10,000$ distribution from her traditional $401(k),$ how much will she $be$ able

$to$ keep after paying taxes and penalties, $if$ any, $on$ the distribution?

Net distribution $d.If$ Kathleen retires from $MH$ and then receives $a$ $$10,000$ distribution from her Roth $401(k),$ how much will she $be$ able $to$

keep after paying taxes and penalties, $if$ any, $on$ the distribution?

Net distributione. Assume the original facts except that Kathleen $is60$ years $of$ age, not $56.If$ Kathleen receives $a$ $$10,000$ distribution from

her Roth $401(k)(without$ retiring$),$ how much will she $be$ able $to$ keep after paying taxes and penalties, $if$ any, $on$ the

distribution?

Net distribution