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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 2023?
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