Q17

Question 17 2 pts Assume that you are single and 25 years old. You earned $25,000 in 2020. On December 26, 2020, after your Christmas shopping bills were all paid, you noticed that you still had a substantial amount of money in your checking 'account. You had never put any money away for retirement, so you explored the possibility of opening a traditional individual retirement account (IRA). What was the maximum amount of money that you could put into an IRA that would be potentially tax-deferred for 2020? $1,000 O $2,500 $6,000 $15,500 $25,000