One of your customers, age 52, wishes to open an IRA. His annual income is over $200,000 and consists entirely of income from rental real estate and income from a trust fund. What amount may your customer contribute this year to his IRA?

A) 5500
B) 0
C) 7000
D) $6.000.

Ans: B) 0

Business

You might also like to view...

Formation of a cartel like OPEC, consisting of oil-producing companies, would most likely be illegal in the United States

Indicate whether the statement is true or false

Business

Conceptual development for a project concludes with:

A) Project objectives. B) Alternative analysis. C) Project delivery. D) Team dissolution.

Business