Which of the Following Statements Is Incorrect

question 93

Multiple Choice

Which of the following statements is incorrect?

• A)Roth IRA distributions are never taxable.
• B)Taxpayers can roll over plan assets from one plan to another tax-free if certain rules are followed.
• C)If distributions from a Coverdell Education Savings Account are used for qualified education expenses,the distributions are tax-free.
• D)For traditional IRA distributions,the date on which minimum payments must begin is April 1 of the calendar year following the year in which the taxpayer reaches age 70½.

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Definitions:

Creativity

The ability to produce original and valuable ideas or solutions.

Five-Factor Model

A model that describes personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness

A personality trait characterized by being thorough, careful, or vigilant; implies a desire to do a task well.

Dependability

The quality of being reliable, trustworthy, and consistently performing or meeting expectations.