Terri is single and age 32. She reported AGI of $70,000 in tax year 2021. She is
Question:
Terri is single and age 32. She reported AGI of $70,000 in tax year 2021. She is an active participant in her employer’s pension plan. What is the maximum deductible IRA contribution she can make for 2021?
a. $6,000.
b. $3,600.
c. $2,400.
d. $0.
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Related Book For
Fundamentals Of Taxation 2022
ISBN: 9781264209408
15th
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander
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