If a Married Taxpayer Is an Active Participant in Another

question 155

True/False

If a married taxpayer is an active participant in another qualified retirement plan, the traditional IRA deduction phaseout begins at $92,000 of AGI for a joint return in 2012.

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Definitions:

Well-Being

A state of comfort, health, or happiness that encompasses both physical and psychological health.

Happiness

A state of well-being and contentment characterized by emotions ranging from contentment to intense joy.

Dispositional Optimism

The extent to which a person typically adopts an optimistic or pessimistic approach to dealing with life’s challenges.

Achieve

To successfully reach a desired goal or outcome through effort, skill, or courage.