Tyne Is a 48- Year- Old an Unmarried Taxpayer Who

question 166

Multiple Choice

Tyne is a 48- year- old an unmarried taxpayer who is not an active participant in an employer- sponsored qualified retirement plan. Before IRA contributions, her AGI is $65,000 in 2018. What is the maximum amount she may contribute to a tax deductible IRA?

• A) $ 0
• B) $4,400
• C) $6,500
• D) $5,500

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A legal case that establishes a principle or rule that courts may follow when deciding subsequent cases with similar issues or facts.

Duty of Care

A legal obligation to avoid conduct that could foreseeably harm others, often associated with negligence.

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The pre-trial phase in a lawsuit where each party investigates the facts of a case, by obtaining evidence from the opposing party and others.