In 2018, Your Adjusted Gross Income Must Be Less Than

question 116

Multiple Choice

In 2018, your adjusted gross income must be less than what amount to contribute to a Roth IRA if you are single?

• A) $75,000.
• B) $98,000.
• C) $110,000.
• D) $120,000.

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Definitions:

Cost Driver

A factor that causes the cost of an activity or a process to change.

Activity Drivers

Factors that influence the cost of business activities by determining the level of effort or resources required.

Labour Hours

Refers to the total amount of work time spent by employees, including both direct and indirect labor activities.

Facility-sustaining Activities

Costs and activities associated with maintaining a manufacturing or production facility at an operational status, independent of the actual levels of production.