Question: Exercise 19-18 (Algorithmic) (LO. 6) Mina, who is single, would like to contribute $6,000 to her Roth IRA. However, her AGI is $126,400. Round

Exercise 19-18 (Algorithmic) (LO. 6) Mina, who is single, would like to

Exercise 19-18 (Algorithmic) (LO. 6) Mina, who is single, would like to contribute $6,000 to her Roth IRA. However, her AGI is $126,400. Round your final answer to the nearest dollar. What is the maximum amount that Mina can contribute? 4,240 X Feedback Check My Work Introduced by Congress to encourage individual savings, a Roth IRA is a nondeductible alternative to the traditional deductible IRA. Earnings inside a Roth IRA are not taxable, and all qualified distributions from a Roth IRA are tax-free.

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