Homer and Marge Are Married and Have an Adjusted Gross

question 106

Multiple Choice

Homer and Marge are married and have an adjusted gross income of $183,000.Currently,neither is covered by an employer sponsored pension plan.They have never established an Individual Retirement Account until this year,when they opened a Roth IRA.What is the maximum amount they can each contribute to Roth IRAs?

• A)$1,000
• B)$2,000
• C)$2,750
• D)$4,950
• E)$5,500

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Definitions:

Phobic Disorder

An anxiety disorder characterized by an intense, irrational fear of specific objects, activities, or situations leading to avoidance behavior.

Somatoform Disorder

Mental disorders characterized by physical symptoms without a clear physical cause, where symptoms are thought to be the manifestation of psychological conflicts or distress.

Conversion Reaction

A psychological response where emotional distress is expressed through physical symptoms.

Irrational Fear

A fear that is disproportionate to the actual danger posed, often a symptom of anxiety disorders.