20. Mindy has a Roth IRA held longer than 5 years to which she has contributed $30,000....

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20. Mindy has a Roth IRA held longer than 5 years to which she has contributed $30,000.

The IRA has a current value of $62,000. Mindy is 55 years old and she takes a distribution of $38,000 after retiring on disability. How much of the distribution will be taxable to Mindy?

a. $0

b. $8,000

c. $30,000

d. $38,000

e. Some other amount LO 3.4

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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Question Posted: Oct 10, 2024 04:00 AM

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20. Mindy has a Roth IRA held longer than 5 years to which she has contributed $30,000....

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Income Tax Fundamentals 2011

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