McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

تمرين 26

Over the past three years, Sherry has contributed a total of $12,000 to a Roth IRA account ($4,000 a year).The current value of the Roth IRA is $16,300.In the current year, Sherry withdraws $14,000 of the account balance to purchase a car.Assuming Sherry is in a 25 percent marginal tax bracket, how much of the $14,000 withdrawal will she retain after taxes to fund her car purchase?