Donny made after tax contributions to his employer's qualified plan of $18,000. At the time he...

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Donny made after tax contributions to his employer's qualified plan of $18,000. At the time he...

Donny made after tax contributions to his employer's qualified plan of $18,000. At the time he requested a nonperiodic distribution his account balance was $89,000. He received a one time distribution of $14,000. How much of the distribution is tax free?

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Answer: - Page 1 * According to data- Tax-free distribution Basis x Distribution Account balance amount $18,000 $89,000 X $ 1

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Donny made after tax contributions to his employer's qualified plan of $18,000. At the time he...

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