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NEW QUESTION: 1
George Geek is 30 years old, single, and earns $103,000 a year as a software engineer for a small, start- up IT company. George's company does not itself offer a retirement plan, and George is considering his options. The current contribution limits for both the traditional IRA and Roth IRA plans is the lesser of
$5,000 or 100% of earned income.
Which of the following statements applies to George's situation?
A. George's contributions to a Roth IRA will be tax-deductible as long as his income is below the threshold specified by the IRS for the current year.
B. Assuming that George can contribute to both the traditional IRA and the Roth IRA under the current income thresholds, he will be allowed to contribute $5,000 to each of the plans.
C. Assuming that George can contribute to both a traditional IRA and a Roth IRA under the current income thresholds, his combined contribution to the two plans cannot exceed $5,000.
D. George's contributions to a traditional IRA will be tax-deductible.
Answer: C
Explanation:
Explanation/Reference:
Explanation: If George is 30 years old, single, and earns $103,000 as a software engineer for a company that does not offer a retirement plan, his combined contribution to a traditional IRA and a Roth IRA cannot exceed $5,000, assuming that he is eligible to contribute to both. Since George has no other retirement plan, he will be eligible to make tax-deductible contributions to a traditional IRA regardless of his income level. Contributions to a Roth IRA are never tax-deductible in any situation. (FYI: In 2010, a single taxpayer who earns less than $105,000 during the year is eligible to participate fully in a Roth IRA, but this number can change.)
NEW QUESTION: 2
Is the following description correct?
MA5616 supports only DC power supply.
A. FALSE
B. TRUE
Answer: A
NEW QUESTION: 3
When a wireless guest network is implemented using auto-anchor mobility in a controller-based
wireless network, which controller is responsible for a guest client's IP address and their security
configuration?
A. RF group master controller
B. any controller that supports the same VLAN
C. anchor controller
D. foreign controller
E. master controller
Answer: C
Explanation:
The anchor controller is responsible for termination of guest WLAN traffic and subsequent access to the Internet. Guest traffic egress occurs at the anchor controller, and the anchor controller is responsible for the client IP address via DHCP and their security configuration.
Reference: http://www.cisco.com/c/en/us/td/docs/solutions/Enterprise/Mobility/emob41dg/emob41dgwrapper/ch10GuAc.html#wp1064207
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