Darren Is Eligible to Contribute to a Traditional 401(k) in 2016

question 43

True/False

Darren is eligible to contribute to a traditional 401(k) in 2016. He forgot to contribute before year end. If he contributes before April 15, 2017, he is allowed to treat the contribution as though he made it during 2016.

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Definitions:

Chronic Interstitial Cystitis

A long-term condition characterized by bladder pressure, bladder pain, and sometimes pelvic pain.

Hematuria

The presence of blood in the urine, which can be a sign of various conditions affecting the urinary tract or kidneys.

Urinary Tract Infection

An infection in any part of the urinary system, kidneys, bladder, or urethra, usually caused by bacteria.

Urine Production

The process by which kidneys filter waste from the blood and excrete it in the form of urine.