Question: * * * * * * Scenario 1 4 : Isabella, age 4 9 , is a military reservist called to active duty. She takes

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Scenario 14:
Isabella, age 49, is a military reservist called to active duty. She takes a $55,000 distribution from her Traditional IRA.
Wages: $40,000
Interest and Dividend income: $1,500
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

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