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

Answer rating: 100% (QA)

ANS WER 6 500 WORK ING 130 000 15 000 145 000 145 000 127 000 phase out range f... View the full answer