Fte Following Statements About an Individual Who Has Made Nondeductible

fte following statements about an individual who has made nondeductible IRA contributions are false, except:

A) fte 10 percent penalty for premature withdrawals applies to nontaxable distributions from an IRA account.
B) When an individual has made both deductible and nondeductible IRA contributions, the "exclusion ratio" approach used in annuity taxation is employed to compute the portion of a distribution which is tax-free.
C) An individual who may not make a deductible IRA contribution because of high adjusted gross income coupled with participation in a qualified plan may also not make nondeductible contributions.
D) Tax advantages may result from keeping IRA accounts funded with deductible and nondeductible contributions separate from each other to facilitate the necessary tracing of funds.