The Maximum Tax Deductible Contribution to a Roth IRA in 2017

question 72

True/False

The maximum tax deductible contribution to a Roth IRA in 2017 is $5,500 ($6,500 for a taxpayer age 50 or over).

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Definitions:

Chymotrypsin

An enzyme located in the small intestine that digests proteins into smaller peptide fragments.

Pancreas

A glandular organ in the digestive system and endocrine system of vertebrates, producing digestive enzymes and hormones such as insulin.

Digestive System

A group of organs responsible for the breakdown of food, absorption of nutrients, and elimination of waste in organisms.

Gastric Glands

Glands located in the lining of the stomach that secrete acid and enzymes, crucial for the digestion process.