Tyne Is a 48-Year-Old an Unmarried Taxpayer Who Is Not

question 5

Multiple Choice

Tyne is a 48-year-old an unmarried taxpayer who is not an active participant in an employer-sponsored qualified retirement plan.Before IRA contributions,her AGI is $64,000 in 2015.What is the maximum amount she may contribute to a tax deductible IRA?

• A)$ 0
• B)$4,400
• C)$5,500
• D)$6,500

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Definitions:

Numeracy

The ability to understand and work with numbers, including the basic arithmetic skills and the capacity to interpret data, graphs, and statistics.

Literacy

The ability to read and write at a level that enables understanding and communication.

Cognitive Skills

Mental processes used in the acquisition of knowledge, such as memory, reasoning, problem-solving, and attention.

Work-Related Accidents

Incidents that occur in the course of work leading to physical or mental occupational injuries.