Donna, age 42 and a single taxpayer, has a salary of $104,500 and interest income of $20,000.

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Donna, age 42 and a single taxpayer, has a salary of $104,500 and interest income of $20,000. What is the maximum amount Donna can contribute to a Roth IRA?

a. $5,000

b. $3,850

c. $6,000

d. $5,500

e. Some other amount

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Income Tax Fundamentals 2020

ISBN: 9780357108239

38th Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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Question Posted: Aug 24, 2020 08:58 AM

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Donna, age 42 and a single taxpayer, has a salary of $104,500 and interest income of $20,000.

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Income Tax Fundamentals 2020

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