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Donna, age 42 and a single taxpayer, has a salary of $100,000 and interest income...

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Accounting

Donna, age 42 and a single taxpayer, has a salary of $100,000 and interest income of $20,000. What is the maximum amount Donna can contribute to a Roth IRA? In your computations, carry out any division to two decimal places.

a.$2,500

b.$3,300

c.$4,400 <--- Correct answer

Can you please break down and explain how did this number are correct?

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