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Problem $6-55($LO $6-2)($Static$)$

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Rashaun $(62$ years old$)$ retired and planned on immediately receiving distributions $($making withdrawals$)$ from his traditional IRA account. The balance of his IRA account is $$160,000($before reducing it for withdrawals$/$distributions described below$).$ Over the years, Rashaun has contributed $$40,000$ to the IRA. Of his $$40,000$ contributions, $$30,000$ was nondeductible and $$10,000$ was deductible. Assume Rashaun did not make any contributions to the account during the year.

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

Problem $6-55$ Part a $($Static$)$

a$.$ If Rashaun currently withdraws $$20,000$ from the IRA, how much tax will he be required to pay on the withdrawal if his marginal tax rate is $24$ percent?