1. Roth IRAs are similar to traditional IRAs in all of the following ways except

A. There is no maximum age limit for contributions.

B. Distributions on account of disability are not penalized.

C. The contribution limit for 201 is $5500 ($6500 for those 50 and older by year end)

D. Taxpayers must have earned income in order to make a contribution.

2) Joann lives in Florida and receives the following payments. Which of those payments is NOT reported as taxable interest on her federal tax return?

A. Interest on a savings account of $58 that is not reported on form 1099-INT

B. Dividends from a savings and loan association

C. Interest on a U.S. Treasury bond

D. Interest on a California state bond

3) A taxpayer pays a housekeeper to watch his daughter while he is at work. Which of the following need not be included on or attached to the taxpayers return?

A. Form 2441

B. The housekeepers SSN

C. Cancelled checks of payments to the housekeeper

D. The housekeepers name and address