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

question 56

True/False

An individual,age 40,who is not subject to the phase-out provision may contribute a deductible amount to a Roth IRA up to $5,000 per year in 2010.

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Definitions:

Building Codes

Regulations that specify the standards for constructed objects such as buildings and nonbuilding structures to ensure safety and health standards are met.

Sound Amplifying Systems

refer to electronic equipment used to increase the volume of sound, often used in public addresses, concerts, or broadcasting.

Unconstitutional Restriction

A limitation or prohibition that violates the principles or provisions of a constitution, especially regarding individual rights and freedoms.

Political Issues

Matters related to government policies, legislation, and the governance of a country or state that affect the public.