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Daniela Retired at the Age of 65

question 127

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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?


Definitions:

Frameshift Mutations

Genetic mutations caused by insertions or deletions of a number of nucleotides in a DNA sequence that is not divisible by three, leading to a disruption of the reading frame during protein synthesis.

Base Pairs

Pairs of nucleotides that form the building blocks of the DNA double helix, with adenine pairing with thymine, and cytosine pairing with guanine.

Insertion

The attachment site of a muscle tendon to the bone that moves when the muscle contracts.

Reverse Transcriptase

An enzyme that catalyzes the formation of DNA from an RNA template, used by retroviruses in their replication process.

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