Which of the Following Statements About IRAs Is False

question 6

Multiple Choice

Which of the following statements about IRAs is false?

• A) Annual contributions made to the account are tax-deductible up to certain amounts.
• B) They earn tax-deferred investment income.
• C) Only people in certain income categories can make deductible IRA contributions.
• D) The maximum annual deductible contribution is $4,000 per person.

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