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A second type of IRA is the Roth IRA. Suppose you open a Roth IRA account. a. How much can you deposit into the account

image text in transcribed A second type of IRA is the "Roth IRA." Suppose you open a Roth IRA account. a. How much can you deposit into the account for 2023 if you are less than 50 years old? b. How are the Roth contributions treated for tax purposes? In other words, how does this contribution affect your taxes for the year the contribution was made? c. When you make withdrawals in retirement, how are the distributions (the money you withdraw) taxed

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