When Contributions Are Made to a Roth IRA, They Are

question 47

True/False

When contributions are made to a Roth IRA, they are deductible by the participant.Later distributions from a the IRA, however, are fully taxed.

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Definitions:

Monte Carlo Simulation

A statistical technique employing random variables to simulate a model numerous times, thereby estimating the probable outcomes of various decisions or future events.

Cumulative Probability

The probability that a random variable is less than or equal to a specific value, often visualized as the area under the probability distribution curve to that point.

Demand Probability

The likelihood that a product or service will be purchased at various price levels within a specified time period.