6.Tim withdraws $9,000 from his IRA during the year. At the end of the year, his IRA is valued at $51,000 and he has made nondeductible contributions totaling $20,000 to the IRA. How much, if any, of the distribution is nontaxable as a recovery of basis?

a.$0

b.$3,000

c.$6,000

d.$9,000

7.Jack turns 70 in January of 2014. His required beginning date for purposes of determining his minimum required distributions from his IRA is:

e.April 1, 2014

f.December 31, 2014

g.April 1, 2015

h.December 31, 2015

8.Jerry dies in March of 2017 and leaves his $900,000 IRA equally to his three sons. The IRA is segregated into three $300,000 separate IRAs in January of 2018. Which of the following statements regarding the determination of the minimum required distribution (MRD) is correct?

a.because the IRA was segregated into three IRAs after Jerry's death, he is treated as having no designated beneficiary and the entire amount in the IRA must be distributed within five years

b.because the IRA was not segregated into three IRAs prior to Jerry's death, the segregation is disregarded and the MRD is calculated using the oldest son's life expectancy

c.because the IRA was not segregated into three IRAs prior to September 30 of 2018, the segregation is disregarded and the MRD is calculated using the oldest son's life expectancy

d.because the IRA was segregated into three IRAs prior to September 30 of 2018 the segregation allows the MRDs to be calculated using each son's single life expectancy.

9.Sue withdraws $4,000 from her IRA when she is 40 years old, of which $3,500 is taxable. If none of the exceptions to the premature distribution penalty applies, what will her premature distribution penalty be?

a.$350

b.$400

c.$875

d.$1,000