An Individual, Age 40, Who Is Not Subject to the Phase-Out

question 75

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 2017.

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Definitions:

Homeostasis

The process by which living organisms regulate their internal environment to maintain stable, life-supporting conditions.

Constant Internal State

The concept of maintaining a stable, consistent internal environment in an organism, also known as homeostasis.

An Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli that is unlearned.

An Instinct

A fixed, innate pattern of behavior in animals in response to certain stimuli.