Author Question: Which of the following statements is true of a Roth individual retirement account (IRA)? A) The ... (Read 88 times)

mynx · **on:** Jul 14, 2018

Which of the following statements is true of a Roth individual retirement account (IRA)?
A) The contributions to a Roth IRA reduce taxable income in the same tax year.
B) The contributions you make to a Roth IRA are tax deductible at the time you make them.
C) You pay taxes on the distributions you receive from a Roth IRA after you retire.
D) The amount that individuals can contribute to a Roth IRA each year is relatively small.

Question 2

The EPA was created by the government to develop new and improved ways to clean and improve the environment.

Indicate whether the statement is true or false