Claire Has Contributed to a Roth IRA for the Last

question 56

Multiple Choice

Claire has contributed to a Roth IRA for the last several years. She is now in her late sixties and has just retired. She plans to withdraw $3,000 this year from her Roth IRA. If she is in the 25 percent tax bracket, how much tax will she have to pay on her withdrawal?

• A) $ 750
• B) $1,000
• C) $2,250
• D) She will not owe any taxes on this withdrawal.

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Definitions:

Pancreatitis

Inflammation of the pancreas, which can cause abdominal pain, nausea, and vomiting, and can be acute or chronic in nature.

Breast Biopsy

A diagnostic procedure involving the removal of tissue or cells from the breast to be examined for signs of cancer or other disorders.

Anxious

Experiencing worry, unease, or nervousness, often about an impending event or something with an uncertain outcome.