Contributions to a Roth IRA:
I.are rolled over from a regular IRA in a nontaxable transaction.II.are tax-deductible.III.are not taxed at the time of distributions if the IRA plan has been established for five years and the taxpayer attains age 591/2before withdrawals are made.?
A. Only statement I is correct.
B. Only statement II is correct.
C. Only statement III is correct.
D. Statements I, II, and III are correct.
Answer: C
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The specific cutoff points for each frequency category depend on the type of purchases and products
a. True b. False
The three essential financial statements include all of the following EXCEPT ______.
a. balance sheet b. cash flow statement c. entrepreneurs scorecard d. income statement
Fixed cost refers to
A. the total expense incurred by a firm in producing and marketing a product, which equals the sum of overhead cost and variable cost. B. the sum of the expenses of the firm that are stable and do not change with the quantity of a product that is produced and sold. C. the sum of the expenses of the firm that vary directly with the quantity of a product that is produced and sold. D. the change in expenses that results from producing and marketing one additional unit of a product. E. the average amount of money received for selling one unit of a product or simply the price of that unit.
The interest period is the time interval between interest calculations.
Answer the following statement true (T) or false (F)