Question: What is the maximum IRA contribution that Layla can make under each of the following assumptions? Layla is age 2 2 and single. Layla s

What is the maximum IRA contribution that Layla can make under each of the following assumptions?
Layla is age 22 and single. Laylas only income is $14,000 of interest and dividends from a trust fund.
Layla is age 30 and single. Laylas only income is a $35,000 distributive share of ordinary business income from a partnership.
Layla is age 60 and single. Laylas only income is $44,000 wages.
Layla is 45 and files a joint return with Loren. Laylas sole proprietorship generates an $8,200 loss and Lorens salary is $50,000.

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