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How much can Kyle deduct for AGI this year

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Reference no: EM132461559

Problem - Kyle is 31 years old, single, self-employed, and has no qualified pension plan. His net self-employment income is $31,000 and he contributes the maximum amount to his Keogh account during the current year. How much can Kyle deduct for AGI this year?

a. $-0-

b. $1,000

c. $3,100

d. $5,000

e. $6,200

Reference no: EM132461559

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