Question
Sarah is single, 44 years old and earned $5,000 taxable compensation in 2016. She has two traditional IRAs, already contributing $4,000 to the first and
Sarah is single, 44 years old and earned $5,000 taxable compensation in 2016. She has two traditional IRAs, already contributing $4,000 to the first and $0 to the second in 2016. How much may she contribute to the second IRA in 2016 (to qualify as tax deferred)?
a)$5,500
b)$5,000
c)$1,500
d)$1,000
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Finance For Managers
Authors: E. Martinez Abascal
1st Edition
0077140079, 9780077140076
