Thomas Maintains an IRA Account

question 37

Multiple Choice

Thomas maintains an IRA account. During the year he wins $10,000 in the state lottery and contributes it to his IRA account. Because he is an active participant in a qualified pension plan, he does not take a deduction for any part of his contribution. At the end of 2014 the total assets in the account are $30,000. Thomas is subject to a penalty on his contribution of

• A) $-0-
• B) $180
• C) $270
• D) $1,000
• E) $1,800

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Definitions:

Abnormal Respiratory Values

Measurements that fall outside the normal range for breathing variables, indicating potential respiratory dysfunction.

Thyroid Cartilage

The largest cartilage in the larynx, commonly known as the Adam's apple, located at the front of the neck.

Respiratory Center

A group of neurons in the brainstem that regulate the rate and depth of breathing.

Depression

Movement of a structure in an inferior direction.