Dana, Age 31 and Unmarried, Is an Active Participant in a Qualified

question 75

Multiple Choice

Dana, age 31 and unmarried, is an active participant in a qualified retirement plan. Her AGI is $124,000. What amount, if any, may Dana contribute to a Roth IRA in 2018?

• A) $0.
• B) $3,225.
• C) $4,033.
• D) $5,500.
• E) None of the above

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Definitions:

Multinational Companies

Are corporations that operate in multiple countries aside from their home country, managing production or services across international borders.

Political

Relating to the government or public affairs of a country.

Social Ladder

The hierarchical structure within a society, where individuals or groups are ranked according to status or authority.