Donna, age 42 and a single taxpayer, has a salary of $104,500 and interest income of $20,000.
Question:
Donna, age 42 and a single taxpayer, has a salary of $104,500 and interest income of $20,000. What is the maximum amount Donna can contribute to a Roth IRA for 2020?
a. $5,000
b. $3,850
c. $5,800
d. $6,000
e. Some other amount
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
Question Posted:
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