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emmasim [6.3K]
3 years ago
12

Todd has made total contributions of $75,000 to his traditional IRA of which $15,000 were nondeductible contributions. Todd is 6

0 and is considering taking a $20,000 distribution from his IRA, which currently has a fair market value of $175,000. This will be the only distribution from his IRA this year. How much of the distribution will be taxable to Todd?
a. $0
b. $4,000
c. $16,000
d. $20,000
Business
1 answer:
Over [174]3 years ago
3 0
The answer is C
........ i think
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Question Suppose you have $200,000 in a bank term account. You earn 5% interest per annum from this account. You anticipate that
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