If a Married Taxpayer Is an Active Participant in Another

question 55

True/False

If a married taxpayer is an active participant in another qualified retirement plan,the traditional IRA deduction phaseout begins at $90,000 of AGI for a joint return in 2011.

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Definitions:

Awash River Basin

A geographical area in Ethiopia that is drained by the Awash River, significant for its agricultural and cultural importance.

Central Africa

A region located at the center of the African continent, characterized by its diverse cultures, languages, and ecological systems, including the Congo Basin's rainforests.

Australopithecine Fossils

Prehistoric remains of Australopithecines, an early group of hominins that lived in Africa and are considered ancestral to humans, characterized by bipedal locomotion and relatively small brain sizes.