Jorland is a 30-year-old single taxpayer. Her $3,760 AGI is the total of $7,940 interest and dividend income from a trust fund, $4,190 income from a rent property, and an $8,370 loss from a new business that she started this year. Compute Ms. Jorland's maximum IRA contribution.
A) $0
B) $3,760
C) $4,190
D) $5,500
Correct Answer:
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