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:

Phobias

Irrational and excessive fears of specific objects, situations, or activities.

Amnesia

A condition characterized by memory loss, which can be partial or complete, temporary or permanent.

Compulsion

A psychological condition or mechanism where an individual feels the urgent need to perform certain behaviors or rituals repeatedly.

Obsession

Persistent, intrusive, and unwanted thoughts that cause significant anxiety or distress.