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Seth and Morgan were just married, but Seth does not work. They are both 25 years old. Morgan supports Seth with funds from her trust
Seth and Morgan were just married, but Seth does not work. They are both 25 years old. Morgan supports Seth with funds from her trust fund, investment income of $12,000, and her part-time earnings of $7,000 this year. If Morgan contributes $6,000 in 2020 to her Roth IRA, how much can Seth contribute to his traditional IRA? a. $0. b. $250. C. $1,000. d. $6,000
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