For Qualified Individuals,a Contribution to a Traditional IRA (Individual Retirement

question 63

Multiple Choice

For qualified individuals,a contribution to a traditional IRA (Individual Retirement Account) is a(n)

• A) credit.
• B) adjustment to gross income.
• C) itemized expense.
• D) additional exemption amount.

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, starting from basic physical requirements to higher psychological needs, culminating in self-actualization.

Safety And Security

Measures and practices put in place to ensure the well-being and protection of individuals or property.

Physiological

Relating to the functions and processes of living organisms and their parts.

Stimulation Needs

The requirement for mental or physical activity to maintain cognitive and physical health, particularly in different age groups or individuals with specific health conditions.