At the beginning of 2013 melinda taylor age 70 had a, Financial Management

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At the beginning of 2013 melinda taylor age 70 had a

At the beginning of 2013, Melinda Taylor, age 70, had a traditional IRA with a balance of $136,600, which included $108,600 of nondeductible contributions. Melinda withdrew $40,000 from her IRA in 2013. Compute the taxable portion of the $40,000 withdrawal.

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