H (Age 50)and W (Age 48)are Married but Only W

question 101

Multiple Choice

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 2013,the maximum amount together they may contribute to tax deductible IRAs is

• A)$5,500.
• B)$6,500.
• C)$11,000.
• D)$12,000.

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Definitions:

Stomach Ulceration

The development of ulcers in the stomach lining, often caused by infection, excessive acid production, or prolonged use of certain medications.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Sex

Biological and physiological characteristics that define humans as male or female.

Alarm Reaction

The initial response of the body's stress system, activating the fight or flight response to perceive threats.