Daniela Retired at the Age of 65

question 127

Multiple Choice

Daniela retired at the age of 65. The current balance in her Roth IRA is $200,000. Daniela established the Roth IRA 10 years ago. Through a rollover and annual contributions Daniela has contributed $80,000 to her account. If Daniela receives a $50,000 distribution from the Roth IRA, what amount of the distribution is taxable?

• A)$0.
• B)$20,000.
• C)$30,000.
• D)$50,000.

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Definitions:

Contribute

To give or supply in common with others; giving assistance, support, or a resource to a common pool or effort.

Door-In-The-Face Technique

A persuasion method where a large request is made knowing it will be turned down, to increase the chances of a smaller request being accepted.

Tutoring Center

A dedicated space where students can receive additional academic assistance and support outside of the formal classroom setting.

Volunteer

An individual who offers their service or efforts willingly and without financial compensation.