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Over the years, Kevin has made nondeductible contributions to his traditional IRA totaling $50,000. The ending balance of his IRA at the end of the
Over the years, Kevin has made nondeductible contributions to his traditional IRA totaling $50,000. The ending balance of his IRA at the end of the year is $70,000. During the year, Kevin withdrew $10,000 from his IRA, which is not subject to the 10% penalty. How much of his withdrawal is taxable? $3,750 $10,000 $0 $6,250
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