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Michael, who is single, age 20 and claimed by his parents as a dependent, earned $20,000 at the K-M Resort Golf Club during the summer

Michael, who is single, age 20 and claimed by his parents as a dependent, earned $20,000 at the K-M Resort Golf Club during the summer prior to his senior year in college. He wants to make a contribution to a traditional IRA for the tax year 2015, but the amount is dependent on whether it reduces his taxable income.

Click here to access Exhibit 3-4.

If Michael is going to claim the standard deduction, what is the maximum amount he can contribute to a traditional IRA? $

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