The Maximum Tax Deductible Contribution to a Roth IRA in 2015

question 38

True/False

The maximum tax deductible contribution to a Roth IRA in 2015 is $5,500 ($6,500 for a taxpayer age 50 or over).

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Definitions:

PL94-142 and IDEA

U.S. laws ensuring the right to a free and appropriate public education for all children with disabilities; PL94-142 is the Education for All Handicapped Children Act of 1975, which was renamed and reauthorized as the Individuals with Disabilities Education Act (IDEA).

Vocational Assessment

An evaluation process that identifies an individual's skills, abilities, and interests to match them with suitable careers or vocational paths.

Disenfranchised Groups

Communities or groups of individuals who are deprived of certain rights or privileges, often leading to exclusion from mainstream society.

Ethical Decision Making

The method of assessing and selecting options in a way that aligns with moral values.