Which of the Following Statements Is True About a Roth

question 7

Multiple Choice

Which of the following statements is true about a Roth IRA?

• A) You cannot deduct money placed in a Roth IRA on your tax return.
• B) The earnings on your investment is subject to federal taxes.
• C) You must be under age 70 ½ and have taxable income
• D) both A and C

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Definitions:

Profitability

The ability of a business to generate more revenue than the expenses incurred, resulting in financial gain.

Specific Machine

Refers to a particular piece of equipment or machinery that is designated for a specific task or operation within a manufacturing or production process.

FCFS Scheduling Rule

"First Come, First Served" scheduling rule, used in operations management to assign service or resources to entities on the basis of their arrival order.

EDD Scheduling Rule

"Earliest Due Date" scheduling rule, a prioritization principle that suggests completing tasks or serving customers in the order of their due dates, from earliest to latest.