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In 2016, Tyson (Age 52) Earned $50,000 of Salary

Question 49

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In 2016, Tyson (age 52) earned $50,000 of salary. Assuming he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution Tyson can make in 2016?

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$6,500.
Explanation: The maxim...

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