Philip, who is currently age 52, made his only contribution to his Roth IRA in 2017...

Philip, who is currently age 52, made his only contribution to his Roth IRA in 2017 in the amount of $5,500. If he were to receive a total distribution of $11,000 from his Roth IRA today (3/25/2019) to purchase a new car, how much of distribution is subject to income tax and how much of distribution is subject to 10% penalty?

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jeff jeffy answered 11 months ago

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