Question
Manny, age 55, contributed $150,000 to a ROTH IRA over the past 30 years. The current value of his ROTH IRA is $350,000. Manny withdrew
Manny, age 55, contributed $150,000 to a ROTH IRA over the past 30 years. The current value of his ROTH IRA is $350,000. Manny withdrew $30,000. How much of the distribution is included in taxable income?
A) $30,000 B) $0 C) $6,000 D) $12,857
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Financial Accounting
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
9th Edition
032418803X, 978-0324188035
