Series 66 Quiz
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CLIENT INVESTMENT RECOMMENDATIONS AND STRATEGIES
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In July 2026, an unmarried client, age 39, withdraws $50,000 from a Roth IRA she opened in 2019. Her total regular Roth IRA contributions are $15,000. In 2025 she made a fully taxable $40,000 conversion from a traditional IRA into this Roth IRA, and in January 2026 she made a fully taxable $20,000 conversion. She does not meet any exception to the 10% early-distribution tax.
What amount of the 10% additional tax will she owe on the 2026 withdrawal?
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