Which of the following statements regarding individual retirement accounts (IRAs) is (are) true?
I. If an individual's only income during the year is from investments, he or she cannot make an IRA contribution.
II. The funds in the IRA can be used to purchase life insurance on the owner.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
You might also like to view...
Different meanings that colors have in various cultures include
A. green is negative in Arab cultures. B. black is hopeful in the Northeast U.S. C. blue is warm and feminine in the Netherlands. D. red is calming in Japan.
________ attempts to achieve equal employment
Fill in the blanks with correct word
If we view price-earnings (P/E) ratios as measures of payback, all else equal, higher earnings multipliers are better.
Answer the following statement true (T) or false (F)
In the context of job analysis, engineering, office support, and marketing are examples of
A. appraisals. B. job families. C. job dimensions. D. tasks.