All of the Following Are True with Regard to a Roth

question 8

Multiple Choice

All of the following are true with regard to a Roth IRA except

• A)contributions to Roth IRAs are subject to special modified AGI limitations that are higher than those for traditional IRAs.
• B)contributions to Roth IRAs are never tax deductible.
• C)contributions to Roth IRAs must cease after the owner has reached age 70 1/2.
• D)contributions to existing Roth IRAs must be made by the due date of the return.

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Definitions:

Periodic Table

A structured table of chemical elements, sorted by atomic number, electron configuration, and repetitive chemical characteristics.

Dmitri Mendeleev

A Russian chemist and inventor best known for formulating the Periodic Law and creating a farsighted version of the periodic table of elements.

Creation

The action or process of bringing something into existence.

Naturally Occurring Elements

Elements that are found in nature without being artificially produced or synthesized in a laboratory.