Question: Jose does not have a retirement plan at work. He currently earns $ 3 0 , 0 0 0 in salary and is in the
Jose does not have a retirement plan at work. He currently earns $ in salary and is in the marginal tax bracket. If he contributes the maximum contribution of $ to his traditional IRA, how much money will he save on his income tax liability?
A $
B He won't save any money, since his income does not qualify for tax deductions for a qualified plan.
C He won't save any money, since only the Roth IRA has tax deductions on contributions.
D $
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