Question 8 of 50 > -12 View Policies Current Attempt in Progress David has diligently deposited $1,380 per year ($115 per month) into his Roth IRA for the past 2.0 years (24 months). David is using his Roth IRA as both a retirement savings plan as well as an emergency fund. Because David knows that he may need to use money from his Roth IRA, he has not invested the account aggressively, but he has earned a reasonable rate of return using an online bank account. He currently has $5,175 in the Roth IRA. He has decided to take a new higher-paying job in a neighboring state. David quit his current job and has just enough savings to get him to his new job and through the first pay period. What will happen if, halfway into the move, the transmission in David's truck breaks and the repair bill is $2,875? If David were to withdraw money from his Roth IRA to pay for the repair, how much could he withdraw and not incur any taxes or penalties? David can withdraw Save for Later Attempts: 0 of 1 used Submit Answer 19 tv W