Ben is single and 28 years of age. He earned a salary of $80,000 in 2020 as a computer tech by ICE Company. Ben was covered for the entire year 2020 under ICE's qualified pension plan for employees. In addition, Ben had a net income of $10,000 from self-employment. What is the maximum amount that Ben can deduct in 2020 for contributions to an IRA?

Answer rating: 100% (QA)

The maximum amount that Ben can deduct in 2020 for contributions to an IRA depends on his modified a... View the full answer