Question
David has a Roth IRA, that he has held more than 5 years. He has contributed $50,000, and now has a market value of $100,000.
David has a Roth IRA, that he has held more than 5 years. He has contributed $50,000, and now has a market value of $100,000. David is 36 and during 2019 he withdrew $70,000. How much of the distribution will be taxable?
Select one:
a. $70,000
b. $20,000
c. $30,000
d. $50,000
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Financial Accounting
Authors: Charles T. Horngren, Jr Harrison, Walter T.
3rd Edition
0137419848, 978-0137419845
