Alimony resulting from a divorce agreement

1. All of the following types of income are considered earned income for a traditional IRA contribution except:

a. K-1 income from an S corporation

b. W-2 income

c. self-employment income

d. Alimony resulting from a divorce agreement signed June 1, 2018

2. Which of the following types of income is considered earned income for a traditional IRA contributions?

a. Dividends

b. Rental income

c. Capital gains

d. Partnership income from a law firm

3. Seth and Morgan were just married, but Seth does not work. They are both 25 years old. Morgan supports Seth with funds from her trust fund, investment income of $12,000, and her part-time earnings of $7000 this year. If Morgan contributes $6000 in 2019 to her Roth IRA, how much can Seth contribute to his traditional IRA?

a. $0

b. $250

c. $1,000

d. $6,000

4. What is the earliest age that an IRA catch-up contributions can be made?

a. 45

b. 50

c. 60

d. 65

5. Charles, a single 29-year old CEO of a technology start up company , earns a $2 million base salary with a $400,000 bonus. He is not a participant in any retirement plans at work. What is the maximum deductible IRA contribution Charles can make during 2019?

a. $0

b. $1000

c. $5,500

d. $6,000

6. How are excess contributions to an IRA penalized?

7. How do individual retirement annuities differ from a traditional IRA account?

8. What are the minimum distribution rules for traditional IRAs?

9. Compare and contrast a traditional IRA to a Roth IRA.

10. Discuss the impact of violating the prohibited transaction rules of an IRA.



Roth IRA 101

Retirement Topics – IRA Contribution Limits

When Can a Retirement Plan Distribute Benefits?

Publication 590-B (2018), Distributions from Individual Retirement Arrangements (IRAs)

Publication 590-A (2018), Contributions to Individual Retirement Arrangements (IRAs)

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.