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QUESTION 60 Regulation is set by the SEC securities exchanges FINRA FRB QUESTION 61 A doctor earns 5140,000 per year and has no retirement plans

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QUESTION 60 Regulation is set by the SEC securities exchanges FINRA FRB QUESTION 61 A doctor earns 5140,000 per year and has no retirement plans except a traditional IRA If this doctor contributes a maximum of 55,500 per year to the IRA what are the tax consequences? The IRA contributions are only partially tax deductible, The IRA Contributions are fully tax deductible The IRA contributions are not allowed because of the doctor's income level The IRA Contributions are not tax deductible

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