Roth IRAs are qualified employer-sponsored IRAs wherein the contributions by the business are tax deductible to the business.

Name: Roth IRAs are qualified employer-sponsored IRAs wherein the contributions by the business are tax deductible to the business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Roth IRAs are not employer-sponsored IRAs and contributions are made by the individual, not the business. Contributions to Roth IRAs are not tax deductible, but withdrawals in retirement are tax-free.

Roth IRAs Are Qualified Employer-Sponsored IRAs Wherein the Contributions by the Business