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13 December, 08:26

Tiffany has contributed to a roth ira for a long time. she is now in her late sixties and has just retired. she plans to withdraw $3,000 this year from her roth ira. if she is in the 25 percent tax bracket, how much tax will she have to pay on her withdrawal? test

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  1. 13 December, 10:19
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    If Tiffany has been contributing to her Roth IRA for a long time, she has payed taxes as the money was deposited. Regardless of her tax bracket, the money has been allowed to accrue tax-free and she will pay no taxes on withdrawal after retirement.
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