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Eric, age 53, had the following items of income:
1. Investment returns as a limited partner in a partnership of $1,200.
2. Unemployment compensation of $350.
3. Income from a law practice of $600.
4. Deferred compensation from a former employer of $14,000.
5. Alimony of $750.
6. Wages of $1,000.
What is the maximum contribution Eric can make to an IRA in 2016?
(a) $2,350.
(b) $2,700.
(c) $5,500.
(d) $6,500.
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