Question: Charles, a single 2 9 - year - old, deferred 2 % of his salary of $ 1 0 0 k , or $ 2

Charles, a single 29-year-old, deferred 2% of his salary of $100k, or $2,000, into a 401(k) plan sponsored by his employer during 2023. Which of the following is true regarding IRA contributions Charles can make?
Question 8 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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