Question: Denise earned $ 1 9 8 , 0 0 0 in wages in 2 0 2 3 . She also had investment income of $

Denise earned $198,000 in wages in 2023. She also had investment income of $4,700. She is 48 years old and will use the single filing status. She is not covered by an employer sponsored retirement plan, but if possible, she would like to contribute to a Roth IRA for 2023. If Denise has no other income or adjustments, what is the maximum amount she can contribute?
$7,500
$7,000
$6,500
$0(She cannot make a Roth IRA contribution for 2023)

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