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James, an unmarried student aged 20, had gross income of $22,000 this year. His income consisted of $4,000 in wages and $18,000 in investment income

James, an unmarried student aged 20, had gross income of $22,000 this year. His income consisted of $4,000 in wages and $18,000 in investment income received from a trust. The maximum he can contribute to an IRA is

a. $5,500. b. $5,000. c. $4,000. d. $0.

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