Question
Monica contributed $15,000 to a Roth IRA when she opened the account 10 years ago. The IRA has a current value of $37,500. She is
Monica contributed $15,000 to a Roth IRA when she opened the account 10 years ago. The IRA has a current value of $37,500. She is 64 years old and takes a distribution of $25,000. How much of the distribution will be taxable to Monica?
a.$0
b.$25,000
c.$15,000
d.$37,500
e.$10,000
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Glencoe Accounting
Authors: McGraw-Hill
1st Edition
0021400881, 9780021400881
