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Chatham Mae is single, age 35, and wants to make a contribution to an IRA for the year ended December 31, 2020. She is an
Chatham Mae is single, age 35, and wants to make a contribution to an IRA for the year ended December 31, 2020. She is an active participant in a qualified retirement plan sponsored by her employer. Her AGI for 2020 is $130,000 before considering any IRA contribution. Read the requirements) ... Requirement a. What type of IRA, if any, is Chatham Mae eligible to make a contribution to for 2020? If she is eligible to contribute to an IRA, what is the maximum amount that she can contribute to the IRA? (Complete all input fields. Enter a "0" for any zero amounts. Do not round intermediary calculations. Only round the amount you enter in the input field to the nearest whole dollar.) For 2020 Chatham Mae is eligible to make a $ deductible contribution to a traditional IRA. She is eligible to make a $ contribution to a Roth IRA and a $ if Chatham Mae traditional IRA. she can contribute $ nondeductible contribution to a traditional IRA. Alternatively, to a nondeductible
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