Question: * * * * * * Scenario 1 7 : Statement: Ava retired at age 5 0 and took a $ 4 8 , 0

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Scenario 17:
Statement: Ava retired at age 50 and took a $48,000 distribution from her Traditional IRA.
Wages: $15,000(part-time work)
Interest and Dividend Income: $1,000
Itemized Deductions: $11,500
Allowable deduction for self-employment tax: None
Calculate:
The portion of the distribution subject to the 10% early withdrawal penalty.
AGI, Taxable Income, and Total Tax Liability (including the penalty)

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