Donna, Age 27 and Unmarried, Is an Active Participant in a Qualified

question 42

Multiple Choice

Donna, age 27 and unmarried, is an active participant in a qualified retirement plan.Her AGI is $116,000.What amount, if any, may Donna contribute to a Roth IRA in 2012?

• A)$0.
• B)$3,000.
• C)$4,000.
• D)$5,000.
• E)None of the above.

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Definitions:

Confederates

Individuals who are part of the experimental setup but pretend to be participants in a study, used to manipulate social situations as part of the research design.

Conformity

The act of matching attitudes, beliefs, and behaviors to what people perceive as normal to a specific society or social group.

Social Norms

The attitudes and standards of behavior expected of members of a particular group.

Conformity

The practice of aligning one's attitudes, beliefs, and actions with those of a group or conforming to its norms and politics.