Roth IRAs Differ from Traditional IRAs in What Way

question 64

Multiple Choice

Roth IRAs differ from traditional IRAs in what way?

• A) An employee is allowed to contribute more annually to a traditional IRA than to a Roth IRA.
• B) An employee is allowed to contribute more annually to a Roth IRA than to a traditional IRA.
• C) Traditional IRAs are restricted to people with adjusted gross incomes of less that $120,000 as a single person or $177,000 for married people filing joint returns. Roth IRAs are not restricted in this way.
• D) Roth IRAs are restricted to people with adjusted gross incomes of less than $120,000 as a single person or $177,000 for married people filing joint returns. Traditional IRAs are not restricted in this way.

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