With a Roth IRA,after Five Years You Can Make Withdrawals

question 47

True/False

With a Roth IRA,after five years you can make withdrawals before age 59 1/2 without a penalty but you must pay taxes on the withdrawals.

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Definitions:

Operating Activities

Business actions involving the primary operations and transactions of a company.

Taxes Payable

The amount of tax liability a company owes to the government but has not yet paid; it appears as a liability on the balance sheet.

Company's Own Stock

Shares that were issued and have been repurchased by the company itself, reducing the amount of outstanding stock on the open market.

Financing Activities

Activities that result in changes in the size and composition of the equity and borrowings of an entity, as shown in its cash flow statement.