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What is the maximum contribution eric can make to an ira

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Reference no: EM132771652

Eric, age 53, had the following items of income:

Investment returns as a limited partner in a partnership of $1,200.

Unemployment compensation of $350.

Income from a law practice of $600.

Deferred compensation from a former employer of $14,000.

Alimony of $750 (divorce agreement was signed in 2016).

Wages of $1,000.

Problem 1: What is the maximum contribution Eric can make to an IRA in 2020?

A) $2,350.

B) $2,700.

C) $6,000.

D) $6,500.

Reference no: EM132771652

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