Under a Roth IRA

question 2

Multiple Choice

Under a Roth IRA
I.Any taxpayer may contribute and deduct up to $5,500 deductible contributions per year.
II.The maximum contribution is phased-out for unmarried taxpayers with adjusted gross income between $112,000 and $127,000.

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Vaginal Intercourse

A sexual activity involving the insertion of the penis into the vagina.

Gay-Straight Alliance

A student-led or community-based organization, typically in a high school or college setting, that is intended to provide a safe and supportive environment for LGBTQ+ people and their allies.

Well-Being

Being in a state where one experiences comfort, healthiness, or happiness.

Racial

Pertaining to race, which encompasses classifications of humans based on physical and genetic characteristics.