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What is the maximum that john can withdraw tax

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Problem 1: John established a Roth IRA and funded it with $5250. By the next year, the Roth IRA was valued at $6920. Yesterday, John found out emergency car repairs will cost him $3170. What is the maximum that John can withdraw tax- and penalty-free?

Group of answer choices

Option 1: $2770.

Option 2: $5250.

Option 3: $6920.

Option 4: $3170.

Reference no: EM132818381

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