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For 2017, Jack 25, who is single, is covered by a pension plan. His AGI is $67,000. What is the MAXIMUM he can contribute to
For 2017, Jack 25, who is single, is covered by a pension plan. His AGI is $67,000. What is the MAXIMUM he can contribute to a deductible IRA? (The phase-out for single is $62,000-$72,00) THE ANSWER IS A, BUT WHY?
a. $2,200
b. $3,300
c. $5,300
d. $5,500
e. none of the above
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