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:

Social Contract Theory

A theory in political philosophy that posits the legitimacy of the authority of the state over the individual is grounded in a hypothetical contract between them.

Wason Selection Task

A logical puzzle used as a test in psychology to study conditional reasoning and confirmation bias.

Syllogistic Reasoning

A form of logical reasoning that uses deductive reasoning to arrive at a conclusion based on two or more propositions that are asserted or assumed to be true.

Desirability

The quality of being wanted or wished for due to appealing attributes or qualities.