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.
An example of color blindness test. A person with red-green color blindness would not be able to dis
Mark Twain supplemented his income as a writer by giving humorous lectures.
The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn?
Ten Leading Causes of Death in Low-Income Countries, 2008
Income Distribution in the United States, 2009
The price of rice in a small country is currently $6 per pound. In order to help low-income ...