Ty (single) would like to make a contribution to a Roth. He is 25 years old. His AGI is $200,000. He is an active participant in a retirement plan at work. This will be his first time to make a contribution to a Roth or Traditional IRA. What can you advise him?

	a.	You are over the phase-out ranges for contributions to either a Roth or a Traditional IRA. Congratulations on the high income!
	b.	Yes, you are eligible to make a contribution to a Roth in the full amount of $5,500. You will have years of tax-free growth in the account.
	c.	You are eligible to make a $5,500 non-deductible contribution to a Traditional IRA. You can then do a conversion to a Roth. If you do the conversion before there are earnings in the account, none of the converted amount will be included in taxable income because you will have a basis in the Traditional of $5,500.
	d.	You are eligible to make a $5,500 non-deductible contribution to a Traditional IRA. You can then do a conversion to a Roth. The converted amount will be included in taxable income because you took a deduction for the Traditional IRA contribution.

Hillary has Sch C profit of $50,000. How much is Hillary's self-employment tax?

	a.	$7,064.78
	b.	$3,865
	c.	$7,650
	d.	$5,000