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Donna, age 50, is single and earns $50,000 annually. She is covered under her employer's retirement plan. She qualities for a full deduction based on

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Donna, age 50, is single and earns $50,000 annually. She is covered under her employer's retirement plan. She qualities for a full deduction based on her modified AGI, Danna would like to start a traditional IRA and contribute 56,200 this year. The maximum annual contribution limit for workers less than 50 years of age is $6,000. Workers age 50 and over can contribute an additional $1.000 per year, Donna can contribute a total of be income tax deductible. per year without incuring an excise tax When Donna files her taxes, of her contribution will IMPORTANT: Your answers should be rounded to the nearest integer and should NOT include symbols (for) Donna, age 50, is single and earns $50,000 annually. She is covered under her employer's retirement plan. She qualities for a full deduction based on her modified AGI, Danna would like to start a traditional IRA and contribute 56,200 this year. The maximum annual contribution limit for workers less than 50 years of age is $6,000. Workers age 50 and over can contribute an additional $1.000 per year, Donna can contribute a total of be income tax deductible. per year without incuring an excise tax When Donna files her taxes, of her contribution will IMPORTANT: Your answers should be rounded to the nearest integer and should NOT include symbols (for)

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