Which of the Following Statements Is Incorrect Regarding Iras
SEM 403c Which of the following statements concerning traditional IRAs and Roth IRAs is true. Which one of the following statements concerning Roth IRAs is correct. Twitter Anime Cosplay Anime Nghệ Thuật Employer contributions must be nondiscriminatory. . The ability to make deductible contributions to a. A Roth IRA does not have a minimum distribution requirement. Married couples are required to purchase a jointly owned IRA. The amount that can be contributed to an IRA is limited by an indexed annual maximum set by the law. B Employer contributions to SIMPLE IRAS are not tax deductible. Contributions to Roth IRAs are not deductible. Contributions made by the due date of the tax return can be treated as made on the last day of the related tax year. Deductible contributions to traditional IRAs are NOT allowed once a taxpayer reaches age 70 12. An individual cannot make contributions to a Roth IRA and a trad