Match the Basic Limitation on Contributions to the Retirement Plans

question 70

Short Answer

Match the basic limitation on contributions to the retirement plans for 2017 with the retirement plan. Limitations may be used more than once. Assume all taxpayers are under age 50, unless stated otherwise.
1. _____ Roth IRA
2. _____ 401(k) plan
3. _____ Defined benefit retirement plan
4. _____ Defined contribution retirement plan
5. _____ Nonqualified deferred compensation plan
6. _____ IRA (taxpayer over age 50)
7. _____ Spousal IRA
8. _____ Keogh plan (defined contribution)
a. No limit
b. $5,500
c. $6,500
d. $18,000
e. $54,000
f. $215,000

Understand how historical grievances and revolutionary ideas contributed to the Declaration of Independence.

Acknowledge the challenges faced by the early American government and the rationale for the Constitutional Convention of 1787.

Understand the compromises and plans that contributed to the formation of the U.S. Constitution.

Identify the major weaknesses of the Articles of Confederation.

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Definitions:

Modern Western Society

Refers to contemporary societies in Western regions of the world, characterized by democratic political systems, industrialization, and a focus on individual rights and freedoms.

Cohabitation

The act of living together and having a sexual relationship without being married.

Serial Monogamy

The practice of engaging in a series of monogamous romantic relationships consecutively, rather than having multiple partners at the same time.

Cohabitation

The act of living together in a romantic or domestic partnership without being married.