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42. Eric, age 53, had the following items of income: 0 Investment returns as a limited partner in a partnership of $1,200. 0 Unemployment compensation

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42. Eric, age 53, had the following items of income: 0 Investment returns as a limited partner in a partnership of $1,200. 0 Unemployment compensation of $350. 0 Income from a law practice of $600. 0 Deferred compensation from a former employer of $14,000. 0 Alimony of $750. 0 Wages of $1,000. What is the maximum contribution Eric can make to an IRA in 2016? (a) $2,350. (b) $2,700. (c) $5,500. ((1) $6,500

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