A Simple IRA, Which Allows Workers to Contribute Larger Amounts

question 194

True/False

A simple IRA, which allows workers to contribute larger amounts than a regular IRA, is available to employees who work for firms with fewer than 100 employees.

---

Definitions:

Federal Government

The national government of a federal state, which shares sovereignty with its subdivisions and has powers distinct from them.

Poverty Rate

The percentage of the population living below the national poverty line, which measures the minimum level of income considered necessary to achieve an adequate standard of living.

Business Cycle

Increases and decreases in the level of business activity that occur at irregular intervals and last for varying lengths of time.

War On Poverty

A set of government policies and programs initiated in the 1960s in the United States aimed at reducing poverty and improving living conditions for the impoverished.