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Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $215,000. Over the years, Jessica had
Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $215,000. Over the years, Jessica had made $21,500 of nondeductible contributions and $67,500 of deductible contributions to the account. If Jessica receives a $65,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?
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