The Maximum a Married Couple Who Both Work Could Contribute

question 56

Multiple Choice

The maximum a married couple who both work could contribute per year to an IRA is

• A) $0.
• B) $2,000.
• C) $4,000.
• D) $6,000.

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Definitions:

Shares Outstanding

Represents the total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares.

Owners' Equity

The residual interest in the assets of a company after deducting its liabilities.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace, determined by supply and demand forces.

Common Stock

Equity ownership in a corporation, providing voting rights and a share in the company's profits through dividends.