Question: please show steps on how you get the answer! 20. Mollie, age 27 , is single and is an employee of Royal Corporation. She is

please show steps on how you get the answer!

20. Mollie, age 27 , is single and is an employee of Royal Corporation. She is an active participant in the company's pension plan. Mollie's adjusted gross income is $134,000, and she has never established an IRA account. How much can Mollie contribute to a Roth IRA? a. $0 - b. $2,400 c. $3,600 d. $6,000 e. $7,000

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