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14. Which one of the following statements is FALSE concerning the federal income tax treatment of distributions to a 65-year-old retiree?
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Distributions from a traditional IRA prior to age 70½ will be subject to an additional 10 percent penalty tax.
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All distributions from a Roth IRA that has been maintained for at least five years will be tax-free.
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Withdrawals made after 59½ are normal retirement withdrawals and are not taxed.
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The IRS will not let you write your prune juice off as a business expense.
