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.

Appreciate the role of assumptions in economic modeling and the scientific method in economics.

Understand that personal and societal costs and benefits guide human decisions in predictable ways.

Understand the concept of rational decision-making in economics.

Comprehend how changes in personal benefits and costs influence behavior.

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Definitions:

Customer

An individual or entity that purchases goods or services from a business.

Organisational Forms

Different structures and designs that organizations adopt based on their goals, strategies, and external environment.

Rapidly Changing Environment

A rapidly changing environment refers to a context or situation where external conditions, such as technological advancements or market dynamics, evolve quickly, impacting organizations or individuals.

New Technology

Innovative tools, systems, or devices that offer improved solutions, capabilities, or efficiency compared to existing options, often driving changes in how we work and live.