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Hannah is a 52 year old unmarned taxpayer who is not an active participant in an employer-sponsored qual fied retirement plan. Before IRA contributions, her

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Hannah is a 52 year old unmarned taxpayer who is not an active participant in an employer-sponsored qual fied retirement plan. Before IRA contributions, her AGl is $26,000 in 2022 . What is the maximum amount she may contribute to a tax deductible IRA? A. $7,000 B. 55,600 C. $4,800 D. $6,000 QUESTION 6 During 2022, Marcia, who is single and is covered under a pension plan at work, contributes $5,000 into a Roth .RRA. If her AGI is $11,000, which of the following is true? A. Only 60% of the contribution is deductible since her AGI exceeds $64,000 by $4,000 and her maximum contribution is phased out by 40% B. None of the contrbution is deductible. C She must withdraw all of the contribution immediately since she is covered under a plan at work. D. All of the contribution is deductble. QUESTION 7 Which of the following is true about future qualfied distributions from a ROTH IRA by a person who will be 65 yoars old at the time the distributions begin? Assume the individual opened the account betore age 60 A. Only the previous contributions will be tax-free. B. Only the accumulated earnings will be tax-free. C. The entire amount of the distributions will be tax-free. D. The entire amount of the distribution will be taxable

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