Question:a.)Jimmer has contributed $15,000 to his Roth IRA and the balance
in the account is $18,000...
Question
a.)Jimmer has contributed $15,000 to his Roth IRA and the balance
in the account is $18,000...
a.)Jimmer has contributed $15,000 to his Roth IRA and the balance
in the account is $18,000 in the current year Jimmer with July
$16,500 from the Roth IRA to pay for a new car Jimmer opened the
Roth account 44 months before he made the with drawl in gym or is
53 years of age if Jim is marginal ordinary income tax rate is 25%
what amount of tax and penalty if any is Jim are required to pay on
the withdraw
b.)Jimmer has contributed $15,000 to his Roth IRA and the
balance in the account is $18,000 in the current year Jimmer with
July $16,500 from the Roth IRA to pay for a new car Jimmer opened
the Roth account 76 months before he made the with drawl in gym or
is 62 years of age if Jim is marginal ordinary income tax rate is
25% what amount of tax and penalty if any is Jim are required to
pay on the withdraw