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Nick, age 53, is single and has AGI of $63,000. He contributes $5,000 to his IRA in 2015. a. How much can Nick deduct if

Nick, age 53, is single and has AGI of $63,000. He contributes $5,000 to his IRA in 2015. a. How much can Nick deduct if he is not covered by an employersponsored qualified retirement plan? b. How much can Nick deduct if he is covered by an employersponsored qualified retirement plan?

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