If a Married Taxpayer Is an Active Participant in Another

question 5

True/False

If a married taxpayer is an active participant in another qualified retirement plan,the traditional IRA deduction phaseout begins at $95,000 of AGI for a joint return in 2013.

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Definitions:

Mental Ability

The capacity to perform cognitive tasks, solve problems, and adapt to and learn from life's experiences.

Binet-Simon Scale

The first intelligence test, developed by Alfred Binet and Théodore Simon, to assess the intellectual development of children.

Mental Age

A measure of an individual's cognitive ability compared to the average cognitive ability for that individual's actual age.

Intellectually Impaired

A term describing individuals who have significant limitations both in intellectual functioning and in adaptive behavior.