The Maximum Amount That Can Be Contributed to an IRA

question 34

Multiple Choice

The maximum amount that can be contributed to an IRA is:

• A) 2% of your salary or $4,000, whichever is less
• B) $3,000 in 2012, and $5,000 after 2012
• C) $5,000 in 2012
• D) $6,000 in 2012, and then it increases $500 per year through 2020