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linda, a 40 year old taxpayer, earned $40,000 in wages. She is covered by an employeremployer-sponsored retirement plan. What is the maximum deductible amount of
linda, a 40 year old taxpayer, earned $40,000 in wages. She is covered by an employeremployer-sponsored retirement plan. What is the maximum deductible amount of contribution she can make to a traditional individual retirement account (IRA) for 2020? A) $6,000 B) $6,500 C) $7,000 D) $40,000
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