Fte Following Statements About an Individual Who Has Made Nondeductible

question 2

Multiple Choice

fte following statements about an individual who has made nondeductible IRA contributions are false, except:

• A) fte 10 percent penalty for premature withdrawals applies to nontaxable distributions from an IRA account.
• B) When an individual has made both deductible and nondeductible IRA contributions, the "exclusion ratio" approach used in annuity taxation is employed to compute the portion of a distribution which is tax-free.
• C) An individual who may not make a deductible IRA contribution because of high adjusted gross income coupled with participation in a qualified plan may also not make nondeductible contributions.
• D) Tax advantages may result from keeping IRA accounts funded with deductible and nondeductible contributions separate from each other to facilitate the necessary tracing of funds.

---

Definitions:

Developing Nursing Theory

The process of constructing frameworks and models to guide nursing practice, research, and education based on observations, relationships, and predictions in patient care.

Establish Nursing

Establishing nursing involves the creation and development of practices and policies that form the foundation of nursing as a professional field.

Improve Nursing Practice

The ongoing process of developing skills, knowledge, and approaches to enhance the quality and effectiveness of nursing care.

Control Health-care Costs

Strategies or measures implemented to manage and reduce the expenses associated with healthcare delivery and maintenance.