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Asked by Ikeezy87
Kim inherited $1 million in an IRA, which comprised the entire...
Kim inherited $1 million in an IRA, which comprised the entire estate from his father, who
had recently died. He promptly withdrew the funds. The appropriate marginal tax rate was 39.6
percent. Was there any tax due? If so,how much? Assume it was $1 million in stocks held in
a personal account. Would your answer be the same? Explain.
Solved by verified expert
Answered by anchalahuja
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