Question: Harriet, age 6 0 , has been contributing $ 5 , 0 0 0 annually to her Roth IRA for the past seven years. What

Harriet, age 60, has been contributing $5,000 annually to her Roth IRA for the past seven years. What are the tax consequences if she takes a $5,000 withdrawal from her Roth IRA to pay for a luxury cruise if she had never previously taken a withdrawal?
a. Only the interest portion of the withdrawal is taxable.
b. Both the principal and interest are taxable.
c. None of the withdrawal is taxable.
d. The entire withdrawal is taxable because it does not fall within one of the permitted exceptions.

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