When Are Earnings from Custodial IRA Accounts Taxed

question 46

Multiple Choice

When are earnings from custodial IRA accounts taxed?

• A) Upon withdrawal.
• B) In the year they are earned.
• C) Earnings are not taxed.
• D) When the child is no longer a minor.

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Definitions:

Authorization Card Campaign

A drive by a labor union to collect signed cards from employees indicating their interest in union representation, often as a preliminary step toward a unionization vote.

Majority Support

The condition in which more than half of a group favors a proposal or action, often used in the context of union representation votes.

Opportunistic Organizing

A strategy where organizing efforts are swiftly mounted to capitalize on unforeseen events or situations.

NLRB

The National Labor Relations Board, an independent US federal agency tasked with enforcing US labor law in relation to collective bargaining and unfair labor practices.