Which of the Following Statements Regarding IRAs Is False

question 19

Multiple Choice

Which of the following statements regarding IRAs is false?

• A) Taxpayers who participate in an employer-sponsored retirement plan may be allowed to make deductible contributions to a traditional IRA.
• B) The ability to make deductible contributions to a traditional IRA and nondeductible contributions to a Roth IRA may be subject to phase-out based on AGI.
• C) A taxpayer may contribute to a traditional IRA in 2015 but deduct the contribution in 2014.
• D) Taxpayers who have made nondeductible contributions to a traditional IRA are taxed on the full proceeds when they receive distributions from the IRA.

---

Definitions:

South America

A continent located in the Western Hemisphere, mostly in the Southern Hemisphere, with a wide diversity of cultures, ecosystems, and countries.

East Africa

A region in Africa that includes countries like Kenya, Tanzania, and Uganda, known for its diverse cultures, languages, and landscapes.

Breast-feed

The act of feeding a baby with milk directly from the breast, providing essential nutrients and antibodies.

Birth Weight

The weight of a baby at the moment of its birth, an important indicator of neonatal health and development.