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In 2018,Madison Is a Single Taxpayer Who Is 25 Years

Question 35

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In 2018,Madison is a single taxpayer who is 25 years of age.During 2018,she contributed $3,000 to her employer sponsored 401(k)account.Her 2018 AGI was $67,500 (before considering IRA deductions).What is the maximum deductible contribution,if any,that Madison can make her to IRA?

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$3,025 Because she participates in an em...

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