Question: Charles, a single 2 9 - year - old, deferred 2 % of his salary of $ 1 0 0 k , or $ 2
Charles, a single yearold, deferred of his salary of $k or $ into a k plan sponsored by his employer during Which of the following is true regarding IRA contributions Charles can make?
Question options:
Because he is an active participant, there is no AGI limit as to whether he can make a deductible IRA.
Because he is an active participant, he cannot make an IRA contribution.
Regardless of his active participation status, he can make a full contribution to an IRA.
Because he is an active participant, he can only make a Roth IRA contribution.
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