Which of the Following Statements Regarding a Roth IRA Is

question 56

Multiple Choice

Which of the following statements regarding a Roth IRA is false?

• A) Contributions to a Roth IRA are nondeductible.
• B) A Roth IRA is tax exempt.
• C) Individuals of any age can make qualified tax-exempt withdrawals from a Roth IRA.
• D) High-income individuals are not allowed to contribute directly to a Roth IRA.

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Definitions:

Synthesize

Synthesize involves combining various elements or concepts into a coherent whole, especially in the context of creating a new understanding or interpretation from different sources of information.

Bloom's Evaluate

Refers to the evaluation level in Bloom's taxonomy, requiring judgment based on criteria and standards through checking and critiquing.

Distributed Practice

A learning technique where practice is broken up into a number of short sessions over a longer period.

Cramming

An intensive, short-term study practice aimed at memorizing large amounts of information in a minimal amount of time.