Which of the Following Is a Requirement or Limitation of a Traditional

question 94

Multiple Choice

Which of the following is a requirement or limitation of a traditional IRA?

• A) You must have earned income to contribute.
• B) You can contribute only if you are under the age of 70½ years old.
• C) Contribution limit of $5,500 for those under age 50 or $6,500 for those older than age 50 in 2018.
• D) All of these answer choices are correct.

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Definitions:

Reaction

A process in chemistry in which one or more substances, the reactants, undergo a transformation to form new substances, the products.

Reaction

A process where one or more substances are converted into different substances through the breaking and forming of chemical bonds.

Reaction Product

The materials that result from chemical reactions.

Organic Chemistry

The branch of chemistry that studies the structure, properties, composition, reactions, and synthesis of carbon-containing compounds.