Terri is single and age 32. She reported AGI of $70,000 in tax year 2021. She is an active participant


Terri is single and age 32. She reported AGI of $70,000 in tax year 2021. She is an active participant in her employer’s pension plan. What is the maximum deductible IRA contribution she can make for 2021?

a. $6,000.

b. $3,600.

c. $2,400.

d. $0.

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Related Book For  answer-question

Fundamentals Of Taxation 2022

ISBN: 9781264209408


Authors: Ana Cruz, Michael Deschamps, Frederick Niswander

Question Details
Chapter # 11
Section: Discussion Questions
Problem: 34
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Question Posted: April 30, 2023 07:37:14