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How much of the distribution will be taxable to Mary

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Problem - Mary 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. Mary is 55 years old and she takes a distribution of $38,000. How much of the distribution will be taxable to Mary?

a. $0

b. $8,000

c. $10,000

d. $40,000

e. Some other amount

Reference no: EM132674966

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