Hilda Has Contributed to a Roth IRA for the Last

question 42

Multiple Choice

Hilda 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:

Self-disclosure

The act of revealing personal, private, or sensitive information about oneself to others, an integral part of developing intimacy in relationships.

Self-knowledge

The understanding and awareness one has of their own character, feelings, motives, and desires.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Self-worth

A measure of how much a person values themselves, often impacting their confidence and emotional well-being.