Julian's Annual Contributions to His Retirement Are Not Tax-Deductible, but His

question 55

Multiple Choice

Julian's annual contributions to his retirement are not tax-deductible, but his earnings accumulate tax-free. He is investing in a

• A) 401(k) plan.
• B) Regular IRA.
• C) Roth IRA.
• D) SEP plan.
• E) Spousal IRA.

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Definitions:

Fangs

Long, pointed teeth typically found in venomous snakes used to inject venom, or in some mammals for grasping and tearing.

Deuterostome

Group of coelomate animals in which the second embryonic opening is associated with the mouth; the first embryonic opening, the blastopore, is associated with the anus.

Notochord

A flexible rod made out of a material similar to cartilage that provides support in all embryonic and some adult chordate animals.

Coelom

A fluid-filled body cavity lined with mesoderm that separates the digestive tract from the outer body wall in certain multicellular organisms.