Shae earned $130,000 in wages in 2021. She also had an investment income of $15,000. She is
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Shae earned $130,000 in wages in 2021. She also had an investment income of $15,000. She is 47 years old and will use the single filing status. She is not covered by an employer-sponsored retirement plan, but she would like to contribute to a Roth IRA for 2021. If Shae has no other income or adjustments, what is the maximum amount she can contribute?
$0
$6,000
$6,500
$7,000
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: