What is maximum amount nate and nan can contribute to ira

Reference no: EM13216046

Nate and Nan Munson (ages 58 and 49, respectively) each have a traditional IRA. Nate retired last year and has no earned income. Nan works full-time. Her 2013 wages were $36,000. What is the maximum amount Nate and Nan can contribute to their respective IRAs for 2013?

Reference no: EM13216046

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