11 During 2019, Jacob, a 19-year-old full-time student, earned $4,500 during the year and was not eligible to participate in an employer-sponsored retirement plan. The
11 During 2019, Jacob, a 19-year-old full-time student, earned $4,500 during the year and was not eligible to participate in an employer-sponsored retirement plan. The general limit for deductible contributions to an IRA during 2019 is $6,000. How much of a tax-deductible contribution can jacob make to an IRA? $4.500. $6.000. $1,500. O50 (Full-time students are not allowed to participate in IRAS)
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Authors: Joseph T Wells
2nd Edition
0470128836, 9780470128831
