The Maximum That an Individual Can Contribute to a Roth

question 18

Multiple Choice

The maximum that an individual can contribute to a Roth IRA each year is

• A) $1,000.
• B) $3,000.
• C) $5,000.
• D) $10,000.
• E) $15,500.

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Definitions:

Private Good

A product that is excludable and rivalrous, meaning its use by one person decreases its availability for another.

Fire-Protection Services

Public or private services dedicated to preventing, controlling, and extinguishing fires to protect life and property.

Firefighter's Helmet

A firefighter's helmet is designed to protect firefighters from heat, falling objects, and other hazards while combating fires.

Excludable

A characteristic of a good or service that means it can be restricted to paying customers only.