Question: Charles , a single 2 9 - year - old CEO of a technology start - up company , earns a $ 2 million base

Charles , a single 29- year - old CEO of a technology start - up company , earns a $ 2 million base salary with a $ 400,000 bonus . He is not a participant in any retirement plans at work . What is the maximum deductible IRA contribution Charles can make during 2021? a . $ 0 b $ 1,000 C. $ 6,000 D. $ 7,000

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