Frank Established a Roth IRA at Age 25 and Contributed

question 11

Multiple Choice

Frank established a Roth IRA at age 25 and contributed a total of $131,244 to it over 38 years. The account is now worth $376,000. How much of these funds can Frank withdraw tax-free?

• A) $0
• B) $131,244
• C) $244,756
• D) $376,000
• E) None of the above

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Definitions:

Closed-ended Question

A type of question that is structured to receive a specific, often one-word, response like 'yes' or 'no'.

Hypothetical Question

A question based on suppositions or imagined scenarios, often used in legal contexts to explore potential outcomes or examine a witness's expertise.

Leading Question

A question phrased in a way to suggest the desired answer, often used in cross-examinations to guide a witness's testimony.

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