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1. Who can contribute to a traditional IRA, and how much? Nick, age 53, is single...

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Accounting

1. Who can contribute to a traditional IRA, and how much? Nick,age 53, is single and has AGI of $67,000. He contributes $5,000 tohis IRA in 2018. How much can Nick deduct if he is not covered byan employer-sponsored qualified retirement plan? How much can Nickdeduct if he is covered by an employer-sponsored qualifiedretirement plan?

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Who can contribute to a traditional IRA and how much Everyone can contribute to traditional IRA If anyone age is under 50 total yearly contributions cant exceed 5500 If age is    See Answer
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