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

---

Definitions:

Lines of Resistance

In nursing theory, defensive mechanisms or strategies used by individuals or systems to protect against stressors or threats to integrity.

Resistance Factors

Elements that contribute to an organism's or population's ability to withstand adverse conditions, diseases, or treatments, often discussed in the context of microbiology, public health, and psychology.

Ecosystem

A biological community of interacting organisms and their physical environment, functioning as a unit.

Environment

The surrounding conditions, influences, or forces which affect the life, behavior, and development of individuals or populations.