1. Contributions to a Roth IRA are:

   		Made with before tax earnings
   		Non-taxable when withdrawn at retirement
   		always in the amount of $5500 per year
   		all of the above
   		None of the above

1.3334 points

QUESTION 70

1. Primary sources for interpreting the tax law include:

   		The internal revenue regulations
   		Internal Revenue Service rulings
   		Tax court decisions
   		All of the above
   		None of the above

QUESTION 71

1. Susan sells 100 shares of General Motors stock on November 19, 2020 for $10,000. Her basis in the stock was $13,000. She buys another 100 shares of General Motors stock on November 28, 2020 for $10,300. As a result she will report:

   		A Long Term Capital Loss of $3,000
   		A Long Term Capital Loss of $3,300
   		A Long Term Capital Loss of $2,700
   		Zero gain or loss
   		None of the above