Which of the Following Statements Regarding Individual Retirement Accounts IRA)is

question 22

Multiple Choice

Which of the following statements regarding Individual Retirement Accounts IRA) is incorrect?

• A)Contributions to a conventional IRA may be tax-deductible while contributions to a Roth IRA are never tax-deductible.
• B)Because IRA contributions are based on compensation,a non-working spouse cannot make a contribution to an IRA.
• C)Once a taxpayer reaches age 70½,deductible contributions cannot be made to a conventional IRA.
• D)Excess contributions to an IRA are subject to an excise tax.

---

Definitions:

Independent

Being self-reliant and free from external control or support in conducting activities or making decisions.

Evidence-Based Practice

A decision-making process that integrates the best current research evidence with clinical expertise and patient values.

Disease Processes

The sequence of events involved in the development and progression of a disease, including its pathophysiology and impact on the body.

Standardized Clinical Pathways

Tools used in healthcare to guide evidence-based practices and improve patient outcomes by outlining specific steps in the care process.