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Jim participates in a retirement plan at work. His wages from work are $70,000. He is 54 and single. How much may he contribute to

Jim participates in a retirement plan at work. His wages from work are $70,000. He is 54 and single. How much may he contribute to his IRA this year? Question options: 1) 2,800 2) zero 3) 4,200 4) 6,000 5) 7,000

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