Taxpayers Often Have to Decide Between Contributing to a Traditional

question 37

Multiple Choice

Taxpayers often have to decide between contributing to a traditional nondeductible IRA or a Roth IRA. In making the comparison between the two IRAs, which models should the taxpayer use?

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Definitions:

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual, defining their character and psychological identity.

Freud

Sigmund Freud, an Austrian neurologist known for founding psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Impulsively

Acting or done without forethought, driven by sudden desires or inclinations.

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.