Carl, Age 44, Wants to Contribute the Maximum Allowed to a Roth

Carl, age 44, wants to contribute the maximum allowed to a Roth IRA.He is single and his AGI is $124,000.How much can he contribute to the Roth IRA?

A) $6,000
B) $5,200
C) $2,000
D) $800 AGI Phase-Out Ranges for 2019 IRAs
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Phase-out range }$
$\begin{array}{lcc} \hline & \text { Single } & \text { Married filing jointly } \\\text { Traditional } & \$ 64,000-\$ 74,000 & \$ 103,000-\$ 123,000 \\\text { Roth } & \$ 122,000-\$ 137,000 & \$ 193,000-\$ 203,000\end{array}$

Correct Answer:

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