Which One of These Statements Correctly Applies to a Roth

question 77

Multiple Choice

Which one of these statements correctly applies to a Roth IRA?

• A) Earnings on the account are tax-free after five years.
• B) Annual contributions may exceed $2,000.
• C) Deposits must be in federally-insured accounts.
• D) Funds are only to be used for educational expenses.
• E) Only self-employed workers can contribute to a Roth IRA.

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Definitions:

Family Abusers

Individuals who engage in violent or emotionally harmful behaviors towards family members.

Community Integration

The process of enabling individuals or groups to participate fully in the social, economic, and political activities of the society they live in.

Family Violence

Acts of violence and abuse by one family member against another, including physical, emotional, or sexual abuse.

Lower Income Strata

Socioeconomic segments of society that earn significantly less income than the average, often leading to limited access to resources.