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Which of the following accurately describes an advantage of a Roth IRA? Select one: a. qualifying distributions are received free of income tax provided a
Which of the following accurately describes an advantage of a Roth IRA?
Select one:
a. qualifying distributions are received free of income tax provided a holding period requirement is met.
b. earnings on contributions are exempt from the 10% premature distributions penalty.
c. the AGI limit for converting a traditional IRA to a Roth IRA is the same for single taxpayers and all married taxpayers.
d. the annual contribution limit is unaffected by the amount of any contribution by the same taxpayer to a traditional IRA.
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