the secure $2\mathrm{.}0$ act $2002$ section $307$

Question $27$ of $85.$

Which of the following statements is TRUE about both Roth and eraditional IRAs?Contributions made to traditional and Roth IRAs are always tax$-$deductible.Distributions from a traditional or Roth IRA are always taxed when the money is withdrawn.Taxpayers may contribute to traditional and Roth IRAs for the same tax year.

Taxpayers may contribute up to $\backslash (\backslash$$ $22,500\backslash )$ to their traditional and Roth IRA each year.

Mark for follow up

Question $28$ of $85.$

The SECURE $2\mathrm{.}0$ Act of $2022,$ Section $307,$ allows a taxpayer who wants to make a charitable contribution from their IRA, to make a onetime rollover to an eligible split$-$interest entity. What is the maximum amount allowed to be contributed?$\backslash$$$5,000\backslash$$$10,000\backslash$$$25,000$

$\backslash$$$50,000$

Mark for follow up

Question $29$ of $85.$

Alexander is a fireman at your local fire department. He contributes to his employer's retirement savings plan through regular payroll deductions. His contributions are tax$-$deferred, and so are his earnings in the plan. Alexander most likely participates in which of the following types of employer$-$sponsored retirement plans? $401($k$)$ plan,$403($b$)$ plan$\mathrm{.}457$ plan.

IRA.

Mark for follow up

tion $30$ of $85.$

$55)$ and Tami $(49)$ are filling jointly for $2023.$ Jack earned $\backslash (\backslash$$ $50,000\backslash ),$ and Tami earned $\backslash (\backslash$$ $2,500\backslash ).$ Jack may contribute up to $\backslash (\backslash$$ $7\backslash ),2023.$ If Jack contributes $\backslash (\backslash$$ $5,000\backslash )$ to his IRA, how much can they contribute to Tami's IRA for $2023?$