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In: AccountingPablo and his wife Bernita are both age 60. Their combined AGI is$100,000. Neither is...Pablo and his wife Bernita are both age 60. Their combined AGI is$100,000. Neither is a participant in an employer-sponsoredretirement plan. They have been contributing to a traditional IRAfor many years and have built up an IRA balance of $120,000. Theyare considering rolling the traditional IRA into a Roth IRA.A. Is the couple eligible to make the conversion?B. Assume that the couple does not make the conversion but,instead; establishes a separate Roth IRA in the current year andproperly contributes $2,500 per year for four years, at which pointthe balance in the Roth is $21,000 (contributions plus investmentearnings). At the end of four years, they withdraw $17,000 to payfor an addition to their house. What is the amount of withdrawalthat is taxable, if any?C. Assume same facts as in requirement b, except that theyinstead withdrew only $6,000. What is the amount of withdrawal thatis taxable?D. What is the taxable amount of the $17,000 withdrawal isused to pay qualified education expenses for their daughter who isattending college?