Mindy has a Roth IRA held longer than five years to which she has contributed $30,000. The

Question:

Mindy has a Roth IRA held longer than five years to which she has contributed $30,000. The IRA has a current value of $62,000. Mindy is 55 years old and she takes a distribution of $40,000 after retiring on disability. How much of the distribution will be taxable to Mindy?

a. $0

b. $8,000

c. $30,000

d. $40,000

e. Some other amount

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