Multiple Choice
Mrs. Lee, age 70, withdrew $10,000 from her Roth IRA this year. Mrs. Lee opened this account in 2000. The balance in the account at year-end was $76,600, which included $50,000 of contributions. Compute the taxable portion of the $10,000 withdrawal.
A) $0
B) $4,226
C) $5,774
D) $10,000
Correct Answer:
Verified
Correct Answer:
Verified
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