Which of the following persons can establish a traditional IRA? I. A person whose only income received is from investments. II. A 75 year-old man who has earned taxable income.
A) I only
B) II only
C) both I and II
D) neither I nor II
Question 2
Donna, age 50, is single and earns 40,000 annually. She is covered under her employer's retirement plan. Donna would like to start a traditional IRA and contribute 4,000 this year.
Which of the following describes her ability to establish a traditional IRA and the tax treatment of her contribution?
A) Her contribution is fully tax deductible.
B) Her contribution is partially tax deductible.
C) No portion of the contribution is tax deductible.
D) Donna is not eligible to establish a traditional IRA, so no contribution can be made.
Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra
Photograph of a person with a cataract in the right eye.
Common traditional surgical incisions
Income per Capita versus Inequality
Saving Rate by Decile of Income per Capita
(left) Urine sample from an unaffected person does not change color upon exposure to air. (right) Ur