Final answer:
The contribution amount for a Roth IRA in 2008 being $5000 is true. The Roth IRA contribution limits were $5,000 for individuals under 50 and $6,000 for those 50 or older, including catch-up contributions.
Step-by-step explanation:
The statement that the contribution amount for a Roth IRA in 2008 is $5000 is true. The Roth Individual Retirement Account (IRA) allows for contributions to be made with after-tax income and for the earnings to grow tax-free. The contributions can be withdrawn tax-free at retirement age, and there are no required minimum distributions. In 2008, the maximum contribution limit to a Roth IRA was indeed $5,000 for those under the age of 50. For those aged 50 or above, a catch-up contribution was allowed, bringing the total possible contribution to $6,000.