Please help me Mark for follow upQuestion 40 of 75.Stephania Rizzuto borrowed $21,000 from her employer's plan. When she left her employer in May 2021, the loan had anoutstanding balance of $7,000. Without regard to the loan, her account had a balance of $42,000. She requested a totaldistribution from the plan. The amount was to be directly deposited to her checking account. She received the Form 1099-Rshown below, reporting her distribution,What amount was directly deposited to Stephania's checking account when she received the total distribution? (Answerchoices are below the image.j

The checking account is the bank account in which the individual allowed to deposit and withdraw the…

Answered: Question 40 of 75. Stephania Ruzuto…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 32P

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zack borrowed $30,000 at 9 % on July 23, 2020. He repaid $15,000 on October 21 and $10,000 on December 16. Find the final payment required on the February 12, 2021 using merchant’ rule?
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