Which of the Following Statements Regarding Roth IRAs Is False

question 74

Multiple Choice

Which of the following statements regarding Roth IRAs is false?

• A)Contributions to Roth IRAs are not deductible.
• B)Qualifying distributions from Roth IRAs are not taxable.
• C)Whether or not they participate in an employer-sponsored retirement plan, taxpayers are allowed to contribute to Roth IRAs as long as their AGI does not exceed certain thresholds.
• D)Taxpayers who are married and file separately are not allowed to contribute to a Roth IRA.

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Definitions:

Long Run

A period of time in economics sufficiently long to allow for all inputs to production, such as plant and equipment, to be varied (as opposed to just the amount of labor or raw materials).

Total Loss

A situation in insurance where the cost of repairing a damaged property exceeds the property's value, making it economically unfeasible to repair.

Total Loss

The complete financial loss of an asset's value, often in the context of insurance or investments.

Variable Cost

Costs that vary directly with the level of production or service delivery.