Question
Mrs. Lee, age 70, withdrew $10,000 from her Roth IRA this year. Mrs. Lee opened this account in 2000. The balance in the account at
Mrs. Lee, age 70, withdrew $10,000 from her Roth IRA this year. Mrs. Lee opened this account in 2000. The balance in the account at year-end was $76,600, which included $50,000 of contributions. Compute the taxable portion of the $10,000 withdrawal.
Multiple Choice
A. $0
B. $4,226
C.$5,774
D.$10,000
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Bookkeeping And Accounting For Beginners
Authors: D.K. Livingston
1st Edition
1686248598, 978-1686248597
