Which of the Following Statements Regarding a Roth IRA Is

question 87

Multiple Choice

Which of the following statements regarding a Roth IRA is false?

• A)Contributions to a Roth IRA are nondeductible.
• B)A Roth IRA is tax exempt.
• C)Individuals of any age can make tax-exempt withdrawals from a Roth IRA.
• D)High-income individuals are not allowed to contribute directly to a Roth IRA.

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Definitions:

Flood

An overflow of water that submerges land that is usually dry.

Rabbits

Small mammals with long ears, long hind legs, and a short tail, known for their fast breeding and being common in many regions as wild and domesticated animals.

Distribution Pattern

Distribution pattern refers to the way biological organisms are spaced within their environment, which can be random, uniform, or clumped.

North-Facing

Refers to the direction or aspect that primarily faces towards the north; often considered in terms of sunlight exposure and ecological implications.