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H (age 50) and W (age 48) are married but only W is employed.She is not covered by a retirement plan at work.She earns $75,000 during the year and they have combined AGI of $78,000 before any IRA contribution.In 2014,the maximum amount together they may contribute to tax deductible IRAs is
Mandated Vacation Time
Legislation or policies requiring employers to provide a certain minimum amount of paid vacation time to employees.
Power Distance
A cultural aspect indicating the degree to which individuals in positions of lesser power within organizations and institutions accept and assume an unequal distribution of authority.
Elastic Time
A cultural concept where time is seen as flexible, with a focus on accomplishing tasks rather than adhering to a strict schedule.
Protestant Work Ethic
A concept in sociology that attributes hard work, frugality, and diligence to a Calvinist value system prevalent in areas of Protestant reformation.
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