In Most States, the Age of Majority for Contractual Purposes

question 31

True/False

In most states, the age of majority for contractual purposes is twenty-one years.

Grasp the taxability of distributions from qualified pension plans.

Know the contribution limits and rules for Coverdell Education Savings Accounts.

Understand the basis of nondeductible contributions in IRAs.

Know the rules and requirements for maintaining qualified status in pension and profit-sharing plans.