1.Which of the following is true of an IRA?

Select one:

a. The rate of return is always fixed

2.Based only on the following information, which of the following people can make a Roth IRA contribution for 2018?

I. Bob single, unemployed all year with $10,000 in interest income

II. Steve single, salesman with $70,000 in wages, AGI = $72,000

III. Susie single, doctor with $270,000 in wages, AGI = $300,000

IV. Tina married, unemployed, husband makes $175,000 and participates in 401k, their total AGI is $250,000. Select one:

a. I and II only

b. II only

c. II and IV only

d. II and III only

e. IV only

b. The rate of return always fluctuates

c. The rate of return depends on the investments you make