Question

Corey, age $54$ and single, has compensation this year of $$89,000.$ His employer does not sponsor a qualified plan, so Corey would like to contribute to a Roth IRA. What is Corey$$s maximum contribution for this year to the Roth IRA?

A$.$$$0$

B$.$$$7,000$

C$.$$$8,000$

D$.$$$23,000$