LO.6 Jimmy establishes a Roth IRA at age 47 and contributes a total of $89,600 over 18 years. The account is now worth $112,000. How much of these funds may Jimmy withdraw tax-free?
LO.6 Jimmy establishes a Roth IRA at age 47 and contributes a total of $89,600 over 18 years. The account is now worth $112,000. How much of these funds may Jimmy withdraw tax-free?
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 10MCQ
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Transcribed Image Text:LO.6 Jimmy establishes a Roth IRA at age 47 and contributes a total of $89,600 over 18 years. The
account is now worth $112,000.
How much of these funds may Jimmy withdraw tax-free?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT