Contributions to a Roth IRA: I

question 70

Multiple Choice

Contributions to a Roth IRA: I. May be rolled-over from a regular IRA in a nontaxable transaction. II. May be tax deductible. III. Are not taxed when withdrawn if they have been in an established account for at least five years and the taxpayer is at least 591/2 before withdrawals are made.

• A) Only statement I is correct.
• B) Only statement II is correct.
• C) Only statement III is correct.
• D) Statements I, II, and III are correct.

Identify strategies to break the cycle of negative self-concept leading to negative actions.

Understand the psychological theories and their principles related to self-esteem and self-concept.

Understand the concept of self-fulfilling prophecy and its impact on behavior.

Recognize the relationship between self-esteem and susceptibility to negative statements by others.

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Definitions:

Years

A unit of time equal to 365 days (or 366 days in a leap year) used to measure duration or age.

Total Dollar Return

The overall financial gain or loss on an investment, including capital gains, interest, dividends, and distributions, calculated in absolute dollar terms.

Shares

Instruments of corporate or financial asset ownership, shares entitle owners to a proportional division of profits, paid as dividends, upon declaration.

Dividend

A portion of a company's earnings distributed to shareholders, often in the form of cash or additional shares.