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To be eligible for an IRA: a. An employee or self-employed person must have compensation or earned income. b. A person must have investment income.

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To be eligible for an IRA: a. An employee or self-employed person must have compensation or earned income. b. A person must have investment income. O c. A person does not have to have compensation or earned income. sm d. The deductible contribution must not exceed 50 percent of compensation or earned income

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