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How much of a tax-deductible contribution can jacob make

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Reference no: EM132190820

Question - During 2018, Jacob, a 19 year old full-time student, earned $4,500 during the year and was not eligible to participate in an employer-sponsored retirement plan. How much of a tax-deductible contribution can Jacob make to an IRA?

A. $0

B. $500

C. $4,500

D. 5,500

Reference no: EM132190820

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