Max Retired in 2017 at Age 62

question 76

Multiple Choice

Max retired in 2017 at age 62.During the year he received distributions of $9,000 from his IRA.He made nondeductible contributions of $20,000 to the IRA in prior years and has never received a nontaxable distribution.As of December 31,2017,the value of his IRA was $150,000.Calculate the taxable portion of Max's distribution.

• A)$0.
• B)$1,132.
• C)$7,868.
• D)$9,000.

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Definitions:

Tertiary Neurons

Neurons that receive signals from secondary neurons and typically transmit them to the brain or spinal cord for integration.

Extrapyramidal Tracts

A network of neurons not part of the pyramidal system, involved in the control of involuntary motor movements.

Taste Area

A region in the brain, specifically within the gustatory cortex, responsible for processing taste information.

Insula

The insula is a region of the brain located deep within the cerebral cortex, involved in processing emotions, empathy, and the perception of bodily sensations.