Ben Is a 19-Year-Old Single Software Inventor Earning $200,000 a Year

question 38

Essay

Ben is a 19-year-old single software inventor earning $200,000 a year and is not covered by a pension plan at work. How much can he put into a Roth IRA in 2019?

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Definitions:

Aerobic Respiration

A process of producing cellular energy involving oxygen. Cells break down food into water and carbon dioxide and release energy.

Anaerobic Respiration

A process by which cells produce energy in the absence of oxygen, typically resulting in the by-product of lactic acid or ethanol.

ATPs

ATPs are molecules known as adenosine triphosphate, which store and provide energy for many biochemical cellular processes through the release of a phosphate group.

Plasma Membrane

The lipid bilayer that surrounds a cell, controlling the movement of substances in and out of the cell.