Which of the following statements is (are) true with regard to Roth IR

Which of the following statements is (are) true with regard to Roth IRAs?

I. The portion of a Roth IRA distribution that is attributable to investment income is taxable.
II. There is a maximum income level above which Roth IRA contributions are not allowed.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B