Sammy, Age 31, Is Unmarried and Is Not an Active

question 156

Multiple Choice

Sammy, age 31, is unmarried and is not an active participant in a qualified retirement plan. His modified AGI is $55,000 in 2012.The maximum amount that Sammy can deduct for a contribution to a traditional IRA is:

• A)$2,800.
• B)$3,500.
• C)$4,000.
• D)$5,000.
• E)None of the above.

---

Definitions:

Onshore Breeze

A wind that blows from the sea towards the land, typically during the day due to thermal differences between land and water.

High Pressure

High pressure in a geologic sense refers to the intense force exerted between tectonic plates or in the Earth's atmosphere, influencing weather patterns and geological formations.

Sealed Glass Container

A container made of glass that is completely closed and airtight, often used for scientific experiments or preservation.

Pressure Increases

A condition where the force exerted by a fluid per unit area within a physical system rises.