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Business, 27.11.2019 20:31 kayleahwilliams6

Sherry, who is 52 years of age, opened a roth ira three years ago. she has contributed a total of $12,000 to the roth ira ($4,000 a year). the current value of the roth ira is $18,950. in the current year, sherry withdraws $16,600 of the account balance to purchase a car. assuming sherry's marginal tax rate is 24 percent, how much of the $16,600 withdrawal will she retain after taxes to fund her car purchase?

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Sherry, who is 52 years of age, opened a roth ira three years ago. she has contributed a total of $1...
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