Essay
In 2019, Tyson (age 22)earned $3,500 from his part-time job and he reported $15,000 of interest income (unearned income).Assuming he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution Tyson can make in 2019?
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$3,500.
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Correct Answer:
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Deductible c...
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