Which of the following statements regarding a Roth IRA is INCORRECT? O The non-working spouse...
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Which of the following statements regarding a Roth IRA is INCORRECT? O The non-working spouse of a wage earner is eligible to make a contribution to a spousal Roth IRA, subject to phase-out. Qualified withdrawals from a Roth IRA will be tax-free. O Tax deductible contributions can be made to a Roth IRA (.e., above-the-line adjustment), subject to phase-out based on modified adjusted gross income. O Eligibility for contributing to a Roth IRA completely depends on modified adjusted gross income phaseout; age and participation in an employer plan are not disqualifying factors
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