Which is false about a Roth IRA?

Retirement Quiz

Quiz
•
Business
•
12th Grade
•
Medium
Madison Tweedy
Used 7+ times
FREE Resource
27 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
contributions are taxed
withdraws are not taxed
you can contribute up to $131,000 (single) or $193,000 (couples)
contributions are tax deductible
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is included in FICA tax
Medicare
Sales Tax
Federal Tax
Social Security
3.
DROPDOWN QUESTION
1 min • 1 pt
Paying FICA taxes is (a)
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
the person entitled to receive the benefit of a deceased persons benefits
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is false about profit sharing plans?
the government does not insist the contributions be "recurring and substantial"
these are used an employee incentives
the employer and employee can both contribute to the plan
6.
DROPDOWN QUESTION
1 min • 1 pt
A Traditional IRA is taxed at (a)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: All your income is taxed at your highest tax rate.
True
False
Create a free account and access millions of resources
Similar Resources on Wayground
22 questions
U3L7 HW Finance

Quiz
•
9th - 12th Grade
25 questions
Unit 3 Investing Review

Quiz
•
9th - 12th Grade
23 questions
Employee Benefits

Quiz
•
9th - 12th Grade
30 questions
EverFi Financial Literacy Lesson 2: Income and Employment

Quiz
•
10th - 12th Grade
30 questions
Chapter 3 Review - Saving Money

Quiz
•
9th - 12th Grade
25 questions
Investing Quiz

Quiz
•
12th Grade
25 questions
PFL # 6a Planning for Retirement

Quiz
•
9th - 12th Grade
25 questions
FPL VOCAB 10: Investment Vehicles

Quiz
•
12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade