Roth IRA Contribution Limits Trivia

This trivia will quiz you on the concepts explained in the article¬†Roth IRA Contribution Limits – Roth & Traditional IRA Contribution Deadlines, Limits, Important Dates to Note, Types of Compensation, Roth IRA & Traditional IRA Income Phaseout Ranges For Contributions.¬†If there is any question you do not understand, it is advised to refer to that page for explanation. After selecting your answers, choose the “Grade Me!” button at the bottom to know your result & the right answers.

True or False: The April 15th deadline for filing taxes to the IRS is also the deadline for investors to make their final Roth IRA & Traditional IRA contributions for that tax year.



If you have already filed your taxes before the April 15th deadline and have not made Roth IRA contributions, you can do so and file an amended tax return using what?





Contributions to a Roth or Traditional IRA must be made through eligible incomes which comprise of the following:





True or False: The Traditional IRA is available to all with no income restrictions or contribution phaseouts. However, the Roth IRA is subject to income & contribution phaseouts limiting the amount of money you can contribute towards a Roth IRA if your income exceeds certain levels.



What is the Roth IRA Income Phaseout Range for Singles & Head of Households?





What is the Roth IRA contribution limit for 2008?





What is the Simple IRA contribution limit for 2008?





What is the Roth IRA Income Phaseout Range for Married & Filing Jointly couples?





For those investors contributing towards a Traditional IRA and already participating in an employer sponsored 401(k) or 403(b), their IRA contribution deductions are phased out quicker than those who don't participate in such plans.



What is the Traditional IRA Income Phaseout Range for Married & Filing Jointly couples?







Leave a Reply

Your email address will not be published. Required fields are marked *