What is the maximum contribution

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Reference no: EM131523967

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.

(d) $6,500.

Reference no: EM131523967

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