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1000 Test - Senior Tax Specialist Pretest (2018) Retirement Question 1 of 50. Jeremy, age 43, files single. He earned $63,425 in wages and had

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1000 Test - Senior Tax Specialist Pretest (2018) Retirement Question 1 of 50. Jeremy, age 43, files single. He earned $63,425 in wages and had no other income in 201T. On Apri 14, 2018. he an automatic six-month extension to file his tax return. Three weeks later, on May 5, he timely T Which statement best describes his eligibility to contribute to an IRA on May 57 On Apra 14, 2018, he ed for hhed his 2017 ax return Because IRA contrbutiont are due by the fling deadline for the tax retun without regard to extensionts, Ie is rvot ewyitie to make an IRA contribution for 2017 Because he did not file his tax return by the due date, he is only eligible to contribute to a Roth IRA for 2017 Because he did not file his tax return before the due date but did file it before the extension due date, he is elwgible to make hal the maximum IRA contribution for 2017 O He is eligible to make the maximum IRA contribution because he filed his 2017 tax return before the extension due date Mark for follow up Lillian made deductible contributions to traditional retirement accounts for several years In 2017. she decides t withdraw $10,000 from one of her accounts. Lillian is 64 years old. How does this transaction aftect her 2017 ta Question 2 of 50

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