Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $217,000. Over the years, Jessica had made $21,700 of nondeductible contributions and $68,500 of...

Extracted text: Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $217,000. Over the years, Jessica had made $21,700 of nondeductible contributions and $68,500 of deductible contributions to the account. If Jessica receives a $67,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable? Multiple Choice $0. $6,700. $50,250. $60,300. $67,000.