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Tony is 29 years old and single. In 2023, he was covered by a retirement plan at work. His salary is $98,500. His modified adjusted
Tony is 29 years old and single. In 2023, he was covered by a retirement plan at work. His salary is $98,500. His modified adjusted gross income (MAGI) is $90,000. Tony makes a $6,500 IRA contribution for 2023. What amount of his IRA contribution can Tony deduct on his California tax return? A. $0 B. $2,500 C. $3,250 D. $6,500
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Accounting For Decision Making And Control
Authors: Jerold Zimmerman
7th Edition
0078136725, 9780078136726
