Dominance in genetics is a relationship between alleles of one gene, in which the effect on phenotype of one allele masks the contribution of a second allele at the same locus. The first allele is dominant and the second allele is recessive.For genes on an autosome (any chromosome other than a sex chromosome), the alleles and their associated traits are autosomal dominant or autosomal recessive. Dominance is a key concept in Mendelian inheritance and classical genetics.n Rr individuals the R allele masks the presence of the r allele, so these individuals also have round peas. Thus, allele R is dominant to allele r, and allele r is recessive to allele R. This use of upper case letters for dominant alleles and lower case ones for recessive alleles is a widely followed convention.
For example, suppose you made a $3,000 annual contribution to a Roth IRA early in 2003, then got a larger bonus than you expected and found that your permitted contribution was only $1,800. Your excess contribution was $1,200.If you didn't correct the excess contribution for 2003, you had to pay $72 excess contribution tax (6% of $1,200). And if you left the problem uncorrected beyond the end of 2004, you owe another $72.our excess contribution was $1,200. If you didn't correct the excess contribution for 2003, you had to pay $72 excess contribution tax (6% of $1,200). And if you left the problem uncorrected beyond the end of 2004, you owe another $72.
Itâs never too early to start thinking ahead. The 2015 IRA contribution deadline is April 15, 2016. This gives you several months to put some extra money away for retirement. Itâs also the best way to supplement your retirement plan through work.The IRS didnât change the 2015 IRA contribution limits. Itâs still at $5,500 ($6,500 for those 50 and over).here is one important thing you need to do before you file your taxes. Donât miss the IRA contribution deadline for this tax year. Tax years and calendar years donât always sync. This is true for IRA contributions. Even though the calendar year is over, the tax year for some IRAs hasnât ended yet.