Which of the Following Statements Is True Concerning Traditional and Roth

question 9

Multiple Choice

Which of the following statements is true concerning traditional and Roth IRAs?

• A)The investment income portion of Roth IRA distributions must be reported as taxable income.
• B)Roth IRA contributions are tax deductible.
• C)There are minimum distribution requirements for traditional IRAs.
• D)There are no limits on the tax deductibility of traditional IRA contributions once the account owner has reached age 50.

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Definitions:

Spiritual Development

The process of growing and maturing in one’s spirituality or personal quest for understanding the meaning, purpose, and connection to the sacred or significant.

Memory Loss

The inability to remember information or experiences, which can be temporary or permanent, and may result from injury, disease, or psychological issues.

Long-Term Care Facility

An institution providing health care and personal care services over an extended period, especially for individuals who are unable to manage independently in the community.