Question
Shae earned $130,000 in wages in 2021. She also had an investment income of $15,000. She is 47 years old and will use the single
Shae earned $130,000 in wages in 2021. She also had an investment income of $15,000. She is 47 years old and will use the single filing status. She is not covered by an employer-sponsored retirement plan, but she would like to contribute to a Roth IRA for 2021. If Shae has no other income or adjustments, what is the maximum amount she can contribute?
$0
$6,000
$6,500
$7,000
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ANS WER 6 500 WORK ING 130 000 15 000 145 000 145 000 127 000 phase out range f...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
