Which of the Following Statements Is (Are)true Regarding the Roth

question 37

Multiple Choice

Which of the following statements is (are) true regarding the Roth IRA?
I.Roth IRA contributions are tax deductible.
II.Roth IRA investment income accumulates income-tax free.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Intuition

The skill to comprehend or perceive something right away, bypassing the process of conscious deliberation.

Problem

is a situation, question, or issue that is difficult to understand or deal with, often requiring analysis and solution.

Opportunity

A situation or condition that places individuals in a favorable position to exploit resources or capabilities for achieving specific goals or improvement.

Tacit Knowledge

Knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often gained through personal experience and context.