How much of the distribution will be taxable to marge, Taxation

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How much of the distribution will be taxable to marge

Assignment task: Individual Retirement Accounts

Marge has a Roth IRA held more than 5 years to which she has contributed $38,000. The IRA has a current value of $62,000. Marge is 65 years old and she takes a distribution of $40,000. How much of the distribution will be taxable to Marge?

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Taxation: How much of the distribution will be taxable to marge

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