Which of the Following Statements Regarding Roth IRAs Is False

question 65

Multiple Choice

Which of the following statements regarding Roth IRAs is false?

• A) Contributions to Roth IRAs are not deductible.
• B) Qualified distributions from Roth IRAs are not taxable.
• C) Whether or not they participate in an employer-sponsored retirement plan, taxpayers are allowed to contribute to Roth IRAs as long as their AGI does not exceed certain thresholds.
• D) Taxpayers who are married and file separately are not allowed to contribute to Roth IRAs.

---

Definitions:

Pending Expense

Expenditures that have been incurred but not yet fully processed or paid out.

Sales Transaction

A business operation where goods or services are exchanged for money between the seller and the buyer.

Invoice

A document issued by a seller to a buyer, itemizing a transaction and requesting payment for goods or services provided.

Promises To Pay

Agreements or commitments by a debtor to pay a specific amount by a certain date to a creditor.