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7. Harry, a single 39 year old, deferred 4% of his salary, or $2,000, into a 401(k) plan sponsored by his employer during 2022. What

7. Harry, a single 39 year old, deferred 4% of his salary, or $2,000, into a 401(k) plan sponsored by his employer during 2022. What is the maximum deductible IRA contribution Charles can make during 2022?

a. $0 b. $1,000 c. $6,000 d. $7,000

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