Question 1
The maximum tax deductible contribution to a traditional IRA in 2015 is $5,500 ($6,500 for a taxpayer age 50 or over).
◦ true
◦ false
Question 2
There are several different types of qualified retirement plans. One common criteria across qualified retirement plans is that employers deduct the contributions and employees include the contributions in taxable income in the same period.
◦ true
◦ false