Business, 26.05.2021 21:50 krandall232

g Louise, age 51, quit her job and received a $70,000 distribution from her employer-sponsored qualified retirement plan. She immediately contributed $50,000 to a rollover IRA and used the remaining $20,000 to purchase a car. Compute the tax cost (and premature withdrawal penalty, if applicable) of the distribution if Louise has a 32% marginal tax rate on ordinary income.

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g Louise, age 51, quit her job and received a $70,000 distribution from her employer-sponsored quali...

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