All of the Following Are True with Regard to a Roth

question 8

Multiple Choice

All of the following are true with regard to a Roth IRA except

• A)contributions to Roth IRAs are subject to special modified AGI limitations that are higher than those for traditional IRAs.
• B)contributions to Roth IRAs are never tax deductible.
• C)contributions to Roth IRAs must cease after the owner has reached age 70 1/2.
• D)contributions to existing Roth IRAs must be made by the due date of the return.

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Definitions:

Family Poverty

Family poverty refers to families living with income levels below the poverty line, leading to challenges in meeting basic needs such as food, shelter, and healthcare.

Stress

A physical, mental, or emotional factor that causes bodily or mental tension and may be a factor in disease causation.

Bully-Victim

Someone who attacks others and who is attacked as well. (Also called provocative victim because they do things that elicit bullying.)

Rejected Bully

An individual, often a child or adolescent, who is both aggressive towards others and excluded or rejected by peers.