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Nancy, single and age 32 , would like to make an IRA contribution. Her employer does not offer a retirement plan and her AG1 is
Nancy, single and age 32 , would like to make an IRA contribution. Her employer does not offer a retirement plan and her AG1 is $54,000. Nancy has wages of $48,000. How much can Nancy contribute and deduct for a traditional IRA contribution? How much can Nancy contribute and deduct for a Roth IRA contribution? (If answer is zero, please enter 0 , do not leave any fields blank.)
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