Question
Lisa, age 47, needed some cash so she withdrew $55,500 from her Roth IRA. At the time of the distribution, the balance in the Roth
Lisa, age 47, needed some cash so she withdrew $55,500 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 $21,100 to her account. What amount of the distribution is taxable and subject to early distribution penalty?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
