During 2018, Marcia, Who Is Single and Is Covered Under

question 2066

Multiple Choice

During 2018, Marcia, who is single and is covered under a pension plan at work, contributes $5,500 into a Roth IRA. If her AGI is $67,000, which of the following is true?

• A) Only 60% of the contribution is deductible since her AGI exceeds $63,000 by $4,000 and her maximum contribution is phased out by 40%.
• B) None of the contribution is deductible.
• C) She must withdraw all of the contribution immediately since she is covered under a plan at work.
• D) All of the contribution is deductible.

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Definitions:

Visual Cortex

The segment of the cerebral cortex involved in visual information processing, found at the back part of the brain.

Size Constancy

The perceptual phenomenon where the perceived size of an object remains constant despite changes in the size of the object's image on the retina due to varying distances.

Perception

The cognitive process of interpreting and making sense of sensory information from the environment, influencing how one understands and interacts with the world.

Retina

A light-sensitive layer at the back of the eye that converts light into neural signals for visual processing by the brain.