Which of the Following Is/are True About a Roth IRA

question 28

Multiple Choice

Which of the following is/are true about a Roth IRA?
I. Contributions are tax deductible.
II. Withdrawals after retirement are not taxed.
III. You must begin withdrawals at age 70½.
IV. Employers match contributions.
V. They are only available to individuals earning less than $50,000,or households earning less than $90,000.

• A)I,II,and IV
• B)II,IV,and V
• C)I,III,and IV
• D)II only
• E)V only

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Definitions:

Cannibalization

When a company's new product eats into the sales of one of its existing products.

Disruptive Technology

An innovation that significantly alters the way consumers, industries, or businesses operate, often displacing established technologies.

Sales Volume

The quantity of products or services sold by a company within a specific period, often used to measure business performance.

Decline Stage

The stage of the product life cycle characterized by decreases in sales and profits.