Question
Under which of the following scenarios would Millie be able to make a contribution to a traditional IRA? Millie is 73 years old and has
Under which of the following scenarios would Millie be able to make a contribution to a traditional IRA? Millie is 73 years old and has interest and dividend income of $10,344 and social security income of $9,000. Millie is 78 years old and has income from a part-time job of $6,000, interest income of $1,276, an IRA distribution of $2,450, and social security income of $19,250. Millie is 71 years old with income from the sale of investment property of $415,990 and social security income of $23,000. Millie is 68 years old and has interest and dividend income of $3,671, long-term capital gains of $4,559, and social security income of $18,450
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