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Joey, age 49, who is single, is not covered by another qualified retirement plan and earns $140,000 (AGI is $140,000) at his job in
Joey, age 49, who is single, is not covered by another qualified retirement plan and earns $140,000 (AGI is $140,000) at his job in 2023. How much can he contribute to a traditional IRA in 2023? To a Roth IRA? Click here to access Concept Summary 19.3. Carry out any division to five decimal places and use in subsequent computations. If required, round your final answers to the nearest dollar. In 2023, he can contribute $ 6,500 to a traditional IRA or x to a Roth IRA.
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