Answered

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3. Which of the following statements is INCORRECT regarding IRAs?
(Choose from the following options)
O 1. Accumulated contributions grow tax deferred.
O 2. Married couples are required to purchase a jointly owned IRA.
O 3. A nonworking spouse is eligible to contribute to a separate IRA account.
O 4. Anyone with earned income may open a traditional IRA.

Sagot :

themanofpower3

Answer:

2

Explanation:

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arshikhan8123

2. Married couples are required to purchase a jointly owned IRA.

Can a married couple each have their own IRA?

Just as with single filers, married couples will have multiple IRAs thru at the same time owned retirement debts aren't allowed. you may ever make a contribution in your very own IRA, or one partner can contribute to each bill.

If one spouse has eligible compensation, that partner can fund an IRA for the non-employed spouse in addition to their own IRA. traditional and Roth IRAs have identical contribution limits but specific eligibility requirements. each partner's IRA ought to be held one after the other. IRAs cannot be held mutually.

Learn more about IRAs here: https://brainly.com/question/1300867

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