LO.6 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?
LO.6 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?
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 9MCQ
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![LO.6 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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F60eed353-4ad1-4b61-b1a0-b24e01c73db3%2F7651cb7d-33c1-4997-bc8d-85721dba54d4%2Fgevruq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:LO.6 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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