The Maximum Amount That Can Be Invested in a Traditional

question 114

Multiple Choice

The maximum amount that can be invested in a traditional IRA:

• A)is fixed at $2,500 per year.
• B)can be no more than 15 percent of the investor's annual gross income for most people;but people with incomes of less than $30,000 are allowed to invest up to $4,500.
• C)increased to $5,000 in 2009 and will increase each year with inflation.
• D)currently is $5,000 for workers under the age of 50 and $9,500 for workers between the ages of 50 and 59 ½.

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Definitions:

Hepatopancreatic Ampulla

An anatomical structure where the pancreatic duct and bile duct combine before emptying into the duodenum, involved in the digestion process.

Duodenal Ampulla

A dilation in the duodenum where the pancreatic duct and bile duct empty their contents for digestion.

Anal Canal

Terminal portion of the digestive tract.

Internal Sphincter

A ring of muscle that surrounds and closes a natural bodily passageway, functioning involuntarily.