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What Is the Maximum Deductible Contribution That Can Be Made

Question 105

Short Answer

What is the maximum deductible contribution that can be made to one or more deductible IRAs in each of the following instances?
a.A single person,age 51,who is an active participant in an employer-sponsored retirement plan with AGI of $37,000.
b.A single person,age 59,who is an active participant in an employer-sponsored retirement plan with AGI of $68,000.
c.A single person,age 26,who is an active participant in an employer-sponsored retirement plan with AGI of $64,000.

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a.$6,500
b...

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