Bruce Wills Has Been Making Contributions into an Individual Retirement

question 146

Multiple Choice

Bruce Wills has been making contributions into an individual retirement account on behalf of his nonworking wife.What type of individual retirement account is this?

• A)Traditional IRA
• B)Roth IRA
• C)Spousal IRA
• D)Coverdell Education Savings Account
• E)SEP-IRA

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Definitions:

High-Top Tennis Shoes

Athletic shoes that extend significantly above the ankle, often providing extra support and stability.

Sequential Compression Devices

Devices used to apply pressure to the limbs to prevent blood clots by improving venous return.

Ambulate

The act or ability to walk from place to place independently with or without assistance.

Blood Clots

Semi-solid masses of blood that form in response to injury or inflammation, sometimes leading to vascular obstruction.