Question
Lisa, age 46, needed some cash so she withdrew $53,500 from her Roth IRA. At the time of the distribution, the balance in the Roth
Lisa, age 46, needed some cash so she withdrew $53,500 from her Roth IRA. At the time of the distribution, the balance in the Roth IRA was $200,000. Lisa established the Roth IRA 10 years ago. Over the years, she has contributed $20,700 to her account. What amount of the distribution is taxable and subject to early distribution penalty?
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Horngrens Financial & Managerial Accounting, The Managerial Chapters
Authors: Tracie Miller Nobles, Brenda Mattison
7th Edition
0136503616, 9780136503613
