An Individual,age 40,who Is Not Subject to the Phase-Out Provision

question 92

True/False

An individual,age 40,who is not subject to the phase-out provision may contribute a nondeductible amount to a Roth IRA up to $5,500 per year in 2014.

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Definitions:

Psycho-Emotional Development

The process of psychological and emotional growth that occurs throughout a person's life, influencing behavior and feelings.

Intellectual-Cognitive Development

The process by which a person's thinking and understanding abilities grow and change throughout life.

1% Permethrin Cream Rinse

A topical treatment used to eliminate head lice, containing the insecticide permethrin at a concentration of 1%.

Avoidance of Sun Exposure

A preventive measure to protect the skin from the harmful effects of the sun's UV radiation, reducing the risk of skin damage and cancer.