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Eloise and John have both a Roth and traditional IRA to which they have made contributions in the past. Which of the following is correct?
Eloise and John have both a Roth and traditional IRA to which they have made contributions in the past. Which of the following is correct? Question 4Select one: a. The contribution may exceed 100% of compensation below certain income levels. b. If over age 50, an additional $3,000 per year may be contributed. c. The total allowable contribution may be split between a Roth and traditional IRA. d. The maximum contribution for a couple filing jointly is $5,000 each.
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