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  3. Study Set
    Principles of Taxation
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    Exam 15: Compensation and Retirement Planning
  5. Question
    Ms Knox, Age 34 and Single, Has $123,800 AGI, $108,200
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Ms Knox, Age 34 and Single, Has $123,800 AGI, $108,200

Question 42

Question 42

Multiple Choice

Ms. Knox, age 34 and single, has $123,800 AGI, $108,200 of which is compensation income. Compute her maximum contribution to her Roth IRA.


A) $0
B) $2,640
C) $2,860
D) $5,500

Correct Answer:

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