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Eric, age 53, had the following items of income: Investment returns as a limited partner in a partnership of $1,200. Unemployment compensation of $350. Income
Eric, age 53, had the following items of income:
Investment returns as a limited partner in a partnership of $1,200.
Unemployment compensation of $350.
Income from a law practice of $600.
Deferred compensation from a former employer of $14,000.
Alimony of $750 (divorce agreement was signed in 2016).
Wages of $1,000.
What is the maximum contribution Eric can make to an IRA in 2020?
Group of answer choices
$2,350
$2,700
$6,000
$6,500
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