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BUSI 352 - Exam 3 with 100- correct answers 2025
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BUSI 352 - Exam 3 with 100- correct answers 2025
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BUSI 352 - Exam 3 with 100%correct answers 2025
Individuals with only self-employment income can receive credit with
social security based on: - answer the amount of self-employment income
reported in a given quarter
A person is fully insured for life if he or she has at least ___ quarters of
coverage. - answer 40
The medicare part that may be contracted out to private insurers is: -
answer part C
Medicaid is administered by - answer jointly by the federal government
and states
Which of the following represents both the age after which an individual
may no longer establish a non-rollover traditional IRA and the trigger
point for beginning required distributions? - answer 70 1/2
For individuals who have attained age 50 before the close of the tax year,
what is the maximum dollar amount that may be contributed to a
traditional IRA in 2018? - answer $6,500
Pam wants to use money from a traditional IRA for a down payment to
purchase a first home. How much can she withdraw from her IRA without
having to pay the federal early distribution penalty? - answer $10,000
A nondeductible traditional IRA - answer allows prior nondeductible
contributions to be distributed tax free
Borrowing from an IRA - answer is not allowed
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