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Michael is single and 35 years old. He is a participant in his employers sponsored retirement plan. How much can Michael contribute to a Roth
Michael is single and 35 years old. He is a participant in his employers sponsored retirement plan. How much can Michael contribute to a Roth IRA in 2020 in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.)
a. Michaels AGI before the IRA contribution deduction is $50,000. Michael contributed $3,000 to a traditional IRA.
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