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.

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Definitions:

America

A continent that comprises the landmasses of North America and South America along with their associated islands and regions.

Health Care Services

A broad range of services provided to individuals or communities to promote, maintain, or restore health.

United States

A country in North America consisting of 50 states and a federal district, known for its significant cultural and political influence globally.

Older People

Individuals who are in the later stages of life, often defined as being of retirement age or older, usually experiencing age-related changes.