Jem, age 29, has a 401(k) plan at work. She is interested in starting a Traditional IRA.

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Jem, age 29, has a 401(k) plan at work. She is interested in starting a Traditional IRA. Her MAGI for 2023 is $77,500 and her tax-filing status is single. How much of the contribution to her Traditional IRA would be tax-deductible is she seeks to contribute the maximum amount? a.$3,580 b.$2,925 c.$3,900 d.$3,575

Posted Date: May 18, 2024 10:09 PM

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Jem, age 29, has a 401(k) plan at work. She is interested in starting a Traditional IRA.

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