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Can someone show me the math behind this? I was under the assumption that the cap was $6000 = Scott, age 35, is not married
Can someone show me the math behind this? I was under the assumption that the cap was $6000
= Scott, age 35, is not married and participates in an employer sponsored plan. He will earn $68,000 in 2020. If Scott is eligible for an IRA, what tax deductible amount may he contribute? 6,000 4,800 3,600 (your response) 2,400 Step by Step Solution
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