Which of the Following Statements Regarding Roth IRAs Is False

question 55

Multiple Choice

Which of the following statements regarding Roth IRAs is false?

• A) Contributions to Roth IRAs are not deductible.
• B) Taxpayers who are married and file separately are not allowed to contribute to Roth IRAs.
• C) Whether or not they participate in an employer-sponsored retirement plan, taxpayers are allowed to contribute to Roth IRAs as long as their AGI does not exceed certain thresholds.
• D) Qualified distributions from Roth IRAs are not taxable.

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Definitions:

Trade Dress

The visual appearance of a product or its packaging that signifies the source of the product to consumers.

Wal-Mart Stores

An American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its vast selection of products and low prices.

Samara Brothers

A legal case involving copyright law where the U.S. Supreme Court held that clothing designs could be copyrighted if they were original and distinctive.

Service Marks

Symbols, names, or logos used in commerce to identify and distinguish the services of one provider from those of others.