When Contributions Are Made to a Traditional IRA, They Are

question 65

True/False

When contributions are made to a traditional IRA, they are deductible by the participant.Later distributions from the
IRA upon retirement are fully taxed.

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Definitions:

Election Of 1980

A significant United States presidential election wherein Republican Ronald Reagan defeated incumbent Democratic President Jimmy Carter, marking a conservative shift in American politics.

War Powers Act

A federal law intended to check the president's power to commit the United States to armed conflict without the consent of the U.S. Congress.

Geraldine Ferraro

The first female vice presidential candidate representing a major American political party, running in 1984 on the Democratic ticket with Walter Mondale.

Major-Party Presidential Ticket

The combination of a presidential candidate and vice-presidential candidate representing one of the two major political parties in the United States during an election.