If an Individual Is Ineligible to Make a Deductible Contribution

question 85

True/False

If an individual is ineligible to make a deductible contribution to a traditional IRA, nondeductible contributions of any amount can be made to a traditional IRA.

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Definitions:

Actual Behaviours

The real actions exhibited by individuals, as opposed to their intentions or beliefs.

Phone Interviews

A method of conducting an interview or gathering information over the telephone.

Practise

The act of repeatedly performing an activity or exercise to acquire or maintain proficiency in it.

Qualifications

Credentials or achievements demonstrating one's ability or suitability for a particular job or task.