Carl, Age 44, Wants to Contribute the Maximum Allowed to a Roth

question 4

Multiple Choice

Carl, age 44, wants to contribute the maximum allowed to a Roth IRA.He is single and his AGI is $124,000.How much can he contribute to the Roth IRA?

• A)$6,000
• B)$5,200
• C)$2,000
• D)$800 AGI Phase-Out Ranges for 2019 IRAs
• \(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\text { Phase-out range }\)
• \(\begin{array}{lcc}
• \hline & \text { Single } & \text { Married filing jointly } \\
• \text { Traditional } & \$ 64,000-\$ 74,000 & \$ 103,000-\$ 123,000 \\
• \text { Roth } & \$ 122,000-\$ 137,000 & \$ 193,000-\$ 203,000
• \end{array}\)

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Definitions:

Cornea

The clear front section of the eye, encompassing the iris, pupil, and front chamber, which plays a primary role in concentrating the majority of light entering the eye.

Retina

A thin layer of tissue at the back of the eye that contains cells sensitive to light, which convert light into neural signals for visual recognition.

Visual Receptors

Cells in the eye, specifically rods and cones, that respond to light and enable vision.

Sclera

The white outer layer of the eyeball that, along with other structures, protects the eye and helps maintain its shape.