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Kyle is 31 years old, single, self-employed, and has no qualified pension plan. His net...

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Question

Accounting

Kyle is 31 years old, single, self-employed, and has no qualified pension plan. His net self-employment income is $35,000 and he contributes the maximum amount to his IRA account during the current year. How much can Kyle deduct for AGI this year?

$ - 0 -

$1,500

$3,000

$4,000

$5,000

Answer & Explanation Solved by verified expert
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