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Please provide an explanation with your answer. 3. Seth and Morgan were just married,...

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Accounting

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3. Seth and Morgan were just married, but Seth does not work. They are both 25 years old. Morgan supports Seth with funds from her trust fund, investment income of $12,000, and her part-time carnings of $7,000 this year. If Morgan contributes $5,500 in 2018 to her Roth IRA, how much can Seth contribute to his traditional IRA? a. $0 b. $250 c. $1,500. d. $5,500. 3. Seth and Morgan were just married, but Seth does not work. They are both 25 years old. Morgan supports Seth with funds from her trust fund, investment income of $12,000, and her part-time carnings of $7,000 this year. If Morgan contributes $5,500 in 2018 to her Roth IRA, how much can Seth contribute to his traditional IRA? a. $0 b. $250 c. $1,500. d. $5,500

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