Which statement is true regarding IRA distributions?
A) The minimum distribution rules apply to Roth IRAs, but not to traditional IRAs.
B) Distributions from a Roth IRA are taxed at the individual's marginal tax rate.
C) The IRA penalty tax applies to all traditional IRA distributions before age 59.5 with no exceptions.
D) Unless a life annuity is issued, a retiree may still be alive when the IRA account is exhausted.
Answer: D
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The purchase and sales agreement contains a clause that enables an agent to make a necessary Disclosure by simply checking a box. Which law requires the disclosure?
A. Truth in Lending Act B. Real estate settlement procedure act C. Washington law against discrimination D. Real estate brokerage relationships Act
Analyzing the cause of a conflict serves no useful purpose
Indicate whether the statement is true or false.