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Over the Years, Monica Contributed $15,000 to a Roth IRA

Question 6

Multiple Choice

Over the years, Monica contributed $15,000 to a Roth IRA opened 10 years ago. The IRA has a current value of $37,500. She is 54 years old and takes a distribution of $25,000. How much of the distribution will be taxable to Monica?


A) $0
B) $10,000
C) $15,000
D) $25,000
E) $37,500

Correct Answer:

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