Carl, Age 44, Wants to Contribute the Maximum Allowed to a Roth

question 57

Multiple Choice

Carl, age 44, wants to contribute the maximum allowed to a Roth IRA. He is single and his AGI is $124,000. How much can he contribute to the Roth IRA?

• A) $5,500
• B) $4,033
• C) $2,000
• D) $1,467 AGI Phase-Out Ranges for 2018 IRAs

---

Definitions:

Confidence Interval

A sequence of values, originating from statistical analysis of a sample, thought to encompass the value of an unrepresented population feature.

Population Proportions

The ratio of a specific subgroup's size to the total population size.

Z-value

A uniform measure displaying the number of standard deviations a data point lies away from the average.

Binomial Proportions

The ratios that represent the outcomes of processes that follow binomial distribution, often involving two possible outcomes.