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Alice, a 49-year-old single taxpayer, earned $98,000 in wages. She is not covered by an employer-sponsored retirement plan. What is her maximum allowable contribution to

Alice, a 49-year-old single taxpayer, earned $98,000 in wages. She is not covered by an employer-sponsored retirement plan. What is her maximum allowable contribution to a traditional IRA for 2022?

$6,000

$7,000

$20,500

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