Which of the following statements regarding a Roth IRA is false?
A) Contributions to a Roth IRA are nondeductible.
B) A Roth IRA is tax exempt.
C) Individuals of any age can make tax-exempt withdrawals from a Roth IRA.
D) High-income individuals are not allowed to contribute directly to a Roth IRA.
Correct Answer:
Verified
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Q101: Mr.Smith,age 61,withdrew $12,000 from his traditional IRA
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Q104: Mrs. Lee, age 70, withdrew $10,000 from
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Q108: This year,Haven Corporation granted a nonqualified stock
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