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What Is the Status of the Exemption She Claimed for Individual

Question 56

Multiple Choice

What is the status of the exemption she claimed for individual retirement account funds?


A) She will not be able to claim that exemption.
B) The status of the exemption is unclear without further information regarding beneficiaries of the IRA.
C) She will be able to claim that exemption.
D) She will be able to claim that exemption but only up to $50,000.
E) She will be able to claim that exemption but only up to $25,000.

Correct Answer:

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