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How much of the distribution will be taxable to Marge

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Reference no: EM132674970

Problem - Marge has a Roth IRA held more than 5 years to which she has contributed $30,000. The IRA has a current value of $62,000. Marge is 65 years old and she takes a distribution of $38,000. How much of the distribution will be taxable to Marge?

a. $0

b. $8,000

c. $30,000

d. $38,000

e. Some other amount

Reference no: EM132674970

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