Ask Question
28 January, 05:38

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

+5
Answers (1)
  1. 28 January, 05:41
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers