Question: I know the answer is not $3,000... please help Mr. RJ is single and 20 years-old. He is a full time student. His only income

I know the answer is not $3,000... please help Mr. RJ

I know the answer is not $3,000... please help

Mr. RJ is single and 20 years-old. He is a full time student. His only income in 2015 was $3,000 of interest and dividends from investments in stocks. what is the maximum IRA contribution that Mr. RJ can make in 2015? $1,000 $5,500 $3,000

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