Which One of These Statements Correctly Applies to a Roth

question 53

Multiple Choice

Which one of these statements correctly applies to a Roth IRA?

• A)Earnings on the account are tax-free after five years.
• B)Annual contributions may exceed $7,000.
• C)Deposits must be in federally-insured accounts.
• D)Funds are only to be used for educational expenses.
• E)Only self-employed workers can contribute to a Roth IRA.

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Definitions:

Plague

An infectious disease that can cause high mortality rates and have significant impacts on populations, historically and in modern times.

Indigenous Population

People who are the original inhabitants of a region, possessing distinct cultural, linguistic, and historical traditions, before the colonization or formation of a state boundary.

Race

A social construct categorizing humans based on physical characteristics, ancestry, and genetics, often influencing socio-political and economic structures.

Century

A period of one hundred years, often used as a marker for significant historical events, developments, or changes over time.