Which One of These Statements Correctly Applies to a Roth

question 37

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

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Definitions:

Hemopoietic Tissue

Tissue responsible for the formation of blood cells, found in the bone marrow and other sites.

Red Bone Marrow

The soft tissue inside bones where blood cells are produced, including red blood cells, white blood cells, and platelets.

Cytoplasmic Components

Elements found within the cytoplasm of a cell that include organelles, cytoskeleton, and various molecules essential for cellular functions.

Nuclear Proteins

Nuclear proteins are a diverse group of molecules found within the cell nucleus, playing roles in DNA replication, repair, and gene expression regulation.