Question: A 7 5 - year old individual has contributed $ 4 0 , 0 0 0 to a qualified plan that currently has a value

A 75-year old individual has contributed $40,000 to a qualified plan that
currently has a value of $100,000. If she decides to take a lump-sum
distribution of the total value, she is taxed on:
A None of the $100,000
$40,000
$60,000
$100,000
A 75-year old individual has contributed $40,000 to a qualified plan

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