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Author Question: Which of the following is true about future qualified distributions from a Roth IRA by a person who ... (Read 47 times)

wenmo

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on: Sep 13, 2020

Question 1

Tyne is a 48-year-old an unmarried taxpayer who is not an active participant in an employer-sponsored qualified retirement plan. Before IRA contributions, her AGI is $64,000 in 2016. What is the maximum amount she may contribute to a tax deductible IRA?
◦ $ 0
◦ $4,400
◦ $5,500
◦ $6,500

Question 2

Which of the following is true about future qualified distributions from a Roth IRA by a person who will be 65 years old at the time the distributions begin? Assume the individual opened the account before age 60.
◦ The entire amount of the distributions will be tax-free.
◦ Only the accumulated earnings will be tax-free.
◦ Only the previous contributions will be tax-free.
◦ The entire amount of the distribution will be taxable.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by wenmo on Sep 13, 2020

Zebsrer

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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wenmo

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

ktidd

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Reply 3 on: Yesterday
Excellent

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