How much should he contribute to a traditional ira

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Reference no: EM13140614

Billy earned $13,000 at the K-M Resort Golf Club during the summer prior to his senior year in college. He wants to make a contribution to a traditional IRA, but the amount is dependent on whether it reduces his taxable income. If Billy is going to claim the standard deduction, how much should he contribute to a traditional IRA?

Reference no: EM13140614

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