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all 4 please Question 52 of 75. Nancie Simon's father, Benjamin, died in 2019. Nancie was named the designated beneficiary of Benjamin's Roth IRA The
all 4 please
Question 52 of 75. Nancie Simon's father, Benjamin, died in 2019. Nancie was named the designated beneficiary of Benjamin's Roth IRA The rules for distributions from an inherited Roth IRA allow for Nancie to take withdrawals over: O Nancie's expected life span. O Benjamin's remaining life expectancy O Ten years after the year of death of Benjamin The period Nancie chooses, but subject to the 10% early distribution penalty if she is under age 59% Mark for follow up Question 53 of 75. Which type of account can be used as a retirement savings account? O Flexible Spending Account O Health Savings Account O Education Savings Account O Qualified Tuition Program Mark for follow up Question 54 of 75. Kayson's income is too high to make contributions to a Roth IRA. He would like to convert his traditional IRA to a Roth IRA. His current balance is $125,000, which includes $28.300 in nondeductible contributions. How much of the conversion will be subject to tax? O O $0 $28,300 O O $96,700 $125,000 Mark for follow up Question 55 of 75. Dale is a degree candidate at a state university. He received a $3,500 unrestricted scholarship from a local civic organization. How much of Dale's scholarship is taxable? O $0 O $3,500 The portion that exceeds his room and board expenses. The portion that exceeds his tuition and book expensesStep by Step Solution
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