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Jimmy establishes a Roth IRA at age 47 and contributes a total of $89,600 over 18 years. The account is

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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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112 000 Assuming that Jimmy met the income limit…View the full answer


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Related Book For  answer-question
South Western Federal Taxation Individual Income Taxes 2017

South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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Question Details
Chapter # 9
Section: Discussion Questions
Problem: 53
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Question Posted: December 22, 2016 01:13:29
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