Dana, Age 31 and Unmarried, Is an Active Participant in a Qualified

question 88

Multiple Choice

Dana, age 31 and unmarried, is an active participant in a qualified retirement plan.Her AGI is $124,000.What amount, if any, may she contribute to a Roth IRA in 2019?

• A)$0.
• B)$3,225.
• C)$4,400.
• D)$6,000.
• E)None of the above

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Definitions:

Working the Fields Communally

A form of agriculture where a community works together on shared land to plant, tend, and harvest crops, often seen in collective societies.

International Treaties

Formal agreements between countries that govern their relations, trade, and obligations towards each other.

House of Burgesses

The first legislative assembly of elected representatives in North America, established by the Virginia Company to allow colonists some measure of self-governance.

Self-Government

Self-government refers to a system wherein the people or its representatives possess the power to govern themselves without interference from external authorities.