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MsJorland Is a 30-Year Old Single Taxpayer

Question 73

Multiple Choice

Ms.Jorland is a 30-year old single taxpayer.Her $3,760 AGI is the total of $7,940 interest and dividend income from a trust fund,$4,190 income from a rent property,and an $8,370 loss from a new business that she started this year.Compute Ms.Jorland's maximum IRA contribution.


A) $0
B) $3,760
C) $4,190
D) $5,500

Correct Answer:

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