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Required information [The following information applies to the questions displayed below.] In 2021, 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 $220,000 (before reducing it for withdrawals/distributions described below). Over the years, Rashaun has contributed $60,500 to the IRA. Of his $60,500 contributions, $44,000 was nondeductible and $16,500 was deductible. Assume Rashaun did not make any contributions to the account during 2021. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) If Rashaun currently withdraws $20,000 from the IRA, how much tax will he be required to pay on the withdrawal if is marginal tax rate is 24 percent