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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 2023.
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? Click here to access Concept Summary 9.4. 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 $fill in the blank 1 6,500 to a traditional IRA or $fill in the blank 2 6,500 to a Roth IRA
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