Question: Fernando, a 5 4 - year - old single taxpayer, earned $ 6 9 , 0 0 0 in wages. He is covered by an

Fernando, a 54-year-old single taxpayer, earned $69,000 in wages. He is covered by an employer-sponsored retirement plan. What is his maximum allowable contribution to a traditional IRA for 2024?
$6,500
$7,000
$7,500
$8,000
Fernando, a 5 4 - year - old single taxpayer,

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