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Kevin, a 19-year-old, full-time college student, earned $3,000 in wages and had a net profit of $750 from soll-employmum. He paid $106 in self-employment taxes

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Kevin, a 19-year-old, full-time college student, earned $3,000 in wages and had a net profit of $750 from soll-employmum. He paid $106 in self-employment taxes and deducted $53 of his self-employment tax on Schedule 1 (Form 1040), Vino 14. Win maximum IRA contribution for 2020 is: $3,000 $750 $3,697 $3,750

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