An Individual,age 40,who Is Not Subject to the Phase-Out Provision

question 25

True/False

An individual,age 40,who is not subject to the phase-out provision may contribute a nondeductible amount to a Roth IRA up to $5,500 per year in 2013.

---

Definitions:

Double Jeopardy

is a legal principle that prevents an individual from being tried twice for the same crime on the same set of facts.

Same Crime

A principle indicating the prosecution or judgment of an individual for a specific criminal offense without being tried or punished for the same offense more than once.

Government

The organization, or group of persons, governing an organized community, often a state or a nation.

Fighting Words

Speech intended to incite violence or likely to provoke an immediate violent reaction from the person to whom they are directed.