This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is true concerning traditional and Roth IRAs? A) The investment ... (Read 72 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
on: Jul 11, 2018
Which of the following statements is true concerning traditional and Roth IRAs?
 
  A) The investment income portion of Roth IRA distributions must be reported as taxable income.
  B) Roth IRA contributions are tax deductible.
  C) There are minimum distribution requirements for traditional IRAs.
  D) There are no limits on the tax deductibility of traditional IRA contributions once the account owner has reached age 50.

Question 2

Which of the following statements is (are) true with regard to the inflation annuity option?
 
  I. The initial monthly payment is lower than the initial payment a fixed annuity would have provided if purchased at the same age.
  II. Periodic payments to the annuitant are adjusted for inflation.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: C


craiczarry

  • Member
  • Posts: 527
Reply 2 on: Jul 11, 2018
:D TYSM

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Common traditional surgical incisions Common traditional surgical incisions
Organization of traditional source records Organization of traditional source records
Change in American Gender Attitudes, 1977-2006 Over recent decades, views of gender roles have beco Change in American Gender Attitudes, 1977-2006 Over recent decades, views of gender roles have beco
The first five reactions constitute the energy-investment phase of glycolysis The first five reactions constitute the energy-investment phase of glycolysis
Traditional plant breeding Traditional plant breeding
Relationship between Trust and Investment Relationship between Trust and Investment
Video: Griffith's experiments

For a complete list of videos, visit our video library