Li made contributions to a traditional IRA throughout the tax year totaling $4,000. On March 22 of the year following the tax year before he filed his tax return. He withdrew $4,000 and $50 interest earned.

The $4,000 is The $50 is

Subject to income tax; subject to income tax

Subject to income tax; not subject to income tax Not subject to income tax; subject to income tax Not subject to income tax; not subject to income tax