Question
Rachel (45) contributed $4,000 to a Roth 401(k) during 2019. If she waits until age 60 to withdraw the funds, the earnings will be ______.
Rachel (45) contributed $4,000 to a Roth 401(k) during 2019. If she waits until age 60 to withdraw the funds, the earnings will be ______.
Taxed and subject to 10% penalty.
Taxed, but no penalty will apply.
Subject to 10% penalty, but not taxed.
Tax-free and penalty-free.
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Financial Accounting Practice And Principles
Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave
3rd Edition
1861527713, 978-1861527714
