47 of 50 . Alice, a 49 -year-old single taxpayer, earned $98,000 in wages. She is not covered by an employer-spo $0 $6,000 $7,000 $20,500 Mark for follow up Question 48 of 50 . Which of the following statements is TRUE about both Roth and traditional IRAs? Contributions made to traditional and Roth IRAs are always tax-deductible. Distributions from a traditional or Roth IRA are always taxed when the money is withdrawn. Taxpayers may contribute to traditional and Roth IRAs for the same tax year. Taxpayers may contribute up to $20,500 to their traditional and Roth IRA each year. Mark for follow up Question 49 of 50 . Which of the following statements is CORRECT regarding a spousal IRA