During the year, Fiona, a 19-year-old full-time student, earned $4,500 during the year and was not eligible to participate in an employer-sponsored retirement plan. The general limit for deductible contributions to an IRA is $6,600. How much of a tax-deductible contribution can Fiona make to an IRA?

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The maximum taxdeductible contribution to an IRA is limited to Fionas earne... View the full answer