Which of the Following Statements About IRAs Is False

question 43

Multiple Choice

Which of the following statements about IRAs is false?

• A)annual contributions made to the account are tax-deductible up to certain amounts
• B)they earn tax-deferred investment income
• C)only people in certain income categories can make deductible IRA contributions
• D)the maximum annual deductible contribution is $4,000 per person

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