Match the limitation on contributions to the retirement plans for 2011 with the retirement plan. Limitations may be used more than once. Assume all taxpayers are under age 50, unless stated otherwise.
-Spousal IRA (age 46)
A) No limit
B) $5,006
C) $6,006
D) $16,506
E) $49,000
F) $195,006

Question

Quizplus · Accepted Answer

For 2011, the contribution limit for an IRA, including a spousal IRA, was $5,000 for individuals under age 50.

Match the Limitation on Contributions to the Retirement Plans for 2011