Kyle Is 31 Years Old, Single, Self-Employed, and Has No

Multiple Choice

Kyle is 31 years old, single, self-employed, and has no qualified pension plan. His net self-employment income is $35,000 and he contributes the maximum amount to his IRA account during the current year. How much can Kyle deduct for AGI this year?

A) $- 0 -
B) $1,500
C) $3,000
D) $4,000
E) $5,500