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Double check the answers thanks. Which one of these statements correctly applies to a Roth IRA? Earnings on the account are taxable if withdrawn in
Double check the answers thanks.
Which one of these statements correctly applies to a Roth IRA? Earnings on the account are taxable if withdrawn in less than five years. Contributions reduce earned income for tax purposes in the year of contribution. Deposits cannot be in federally-insured accounts. Funds are only to be used for non-educational expenses. Self-employed workers cannot contribute to a Roth IRA. QUESTION 6 Olde McDonald had a farm. He purchased the fertilizer he will need next year on December 31,2022 instead of January 1,2023 . As a result, Olde McDonald : accelerated tax deductions in 2022. accelerated tax deductions in 2023. increased his adjusted gross income in 2022. delayed the receipt of income in 2023. delayed the receipt of income in 2022. A loan officer is reviewing your payment record on past debts as part of your credit history in deciding whether to make a loan to you today. Which aspect of the 5 Cs of lending is the loan officer most likely looking at? Capacity Character Collateral Capital Conditions QUESTION 8 Sally Smith has determined that her net worth is $36,000, excluding her home. She owes $150,000 on her mortgage and $12,000 on a car loan. What is Sally's debtto-equity? 1.00 3.00 0.33 4.50 0.22Step by Step Solution
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