Which of the Following Statements About Roth IRAs Is False

question 43

Multiple Choice

Which of the following statements about Roth IRAs is false?

• A) Contributions made to a Roth IRA are not tax deductible, but are tax-free when withdrawn.
• B) Withdrawals of contributions made at any time are not subject to taxation.
• C) Withdrawals of investment earnings are not subject to taxation as long as the taxpayer is at least 55 years old and the Roth IRA has existed for at least five years.
• D) Withdrawals of investment earnings are not subject to taxation if they are used to (up to $10,000 worth) to buy a first home, and if the Roth IRA has existed for at least five years.

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Definitions:

Task Interdependence

This refers to the degree to which the work of one individual or department relies on the work of another.

Conflict Source

The origin or cause of a disagreement or opposition between parties.

Conflict Management Style

The approach individuals adopt to handle and resolve conflict, ranging from avoiding and accommodating to competing and collaborating.

Cooperativeness

A personality trait that reflects an individual's inclination to work together with others towards common goals or objectives.