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$125,000 Question 41 of 50. Taran is 42 years old and received a $19,950 distribution from his Roth IRA, established in 2011. At the time

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$125,000 Question 41 of 50. Taran is 42 years old and received a $19,950 distribution from his Roth IRA, established in 2011. At the time of the distribution, the Roth IRA account totaled $33,748: $17,500 regular contributions, $11,000 taxable conversion contributions made in 2016, and $5,248 earnings. How much of his distribution is taxable and subject to the early distribution penalty? S0 taxable: $0 penalized. $0 taxable; $2,450 penalized. $0 taxable; $19,950 penalized. $2,450 taxable: $2,450 penalized. Intermediate Retirement Question 42 of 50 Patrick and Debra are married and file a joint return. The couple has a modified AGI of $59,000. Patrick contributed $5,500 to his traditional IRA for the tax year. Neither Patrick nor Debra have ever taken a distribution from a retirement plan. Assuming there is no limitation based on their tax liability, Patrick and Debra's Saver's Credit is $200 $400 $800 $4,000 aed Can Claim 45 50 Question 43 of 50. Saburo (69) and Kieran (68) are married and file a joint return. Their gross income (including 1/2

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