Which of the Following Statements Concerning Traditional IRAs and Roth

question 143

Multiple Choice

Which of the following statements concerning traditional IRAs and Roth IRAs is false?

• A)A taxpayer may contribute to a Roth IRA at any age but a taxpayer is not allowed to contribute to a traditional IRA after reaching 72 years of age.
• B)The annual contribution limits for a traditional IRA and Roth IRA are the same.
• C)Taxpayers with high income are allowed to contribute to traditional IRAs but not to Roth IRAs.
• D)All of these choices are correct.

---

Definitions:

Segregated

The enforced separation of different racial, ethnic, or socioeconomic groups within society, often resulting in discrimination or inequality.

Realtors

Professional real estate agents who are members of the National Association of Realtors and adhere to its code of ethics while facilitating the buying, selling, or renting of property.

Contracts

Legally binding agreements between two or more parties that are enforceable by law, typically involving the exchange of goods, services, money, or promises.

Capitalist Rhetoric

Discourse that advocates for or supports the capitalist economic system, emphasizing the importance of free markets, private ownership, and profit.