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riadik2000 [5.3K]
3 years ago
8

Sherry, who is 52 years of age, opened a Roth IRA three years ago. She has contributed a total of $13,200 to the Roth IRA ($4,40

0 a year). The current value of the roth IRA is $18,350. In the current year, Sherry withdraws $16,000 of the account balance to purchase a car. Assuming Sherry is in a 25 percent marginal tax bracket, how much of the $16,000 withdrawal will she retain after taxes to fund her car purchase?Amount of withdrawal __________ ?Non-taxable amount __________ ?Amount subject to tax __________ ?tax rate ________ ?penalty rate __________ ?tax _________ ?penalty _________ ?after tax withdrawal retained ____________ ?

Business
1 answer:
Alexxandr [17]3 years ago
7 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Explanation:

a.Total Assets

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You recently sold 100 shares of Microsoft stock to your brother at a family reunion. At the reunion your brother gave you a chec
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Answer:

Option E                  

Explanation:

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Economies of scale can arise from: Group of answer choices High prices on bulk purchases of raw material inputs and component pa
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Answer:

An advantage gained by spreading fixed production costs over a large production volume.

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Therefore the above statement should be considered

8 0
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Answer:

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3 years ago
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