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Wayne's income is too high to make contributions to a Roth IRA. He would like...

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Accounting

Wayne's income is too high to make contributions to a Roth IRA. He would like to convert his traditional IRA to a Roth IRA. His current balance is $200,000, which includes $32,570 in nondeductible contributions. How much of the conversion will be subject to tax?
$0
$32,570
$167,430
$200,000
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