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.
Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ...
Global Stratification: Income of the World's Nations
Ten Leading Causes of Death in Low-Income Countries, 2008
Relationship between Income Inequality and Sociopolitical Instability
Health and Income per Capita: Two Views