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Charles, a single 39 year old, deferred 2% of his salary, or $2,000, into a 401(k) plan sponsored by his employer during 2017. What is

Charles, a single 39 year old, deferred 2% of his salary, or $2,000, into a 401(k) plan sponsored by his employer during 2017. What is the maximum deductible IRA contribution CHarles can make during 2017?

a) $0

b) $1,000

c) $3,500

d) $5,500

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