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What is the maximum deductible IRA contribution

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Reference no: EM132504463

Question - Charles, a single 29 year old, deferred 2% of his salary, or $2,000, into a 401k retirement plan sponsored by his employer during 2019. What is the maximum deductible IRA contribution Charles can make during 2019?

a) $0.

b) $1,000.

c) $4,000.

d) $5,500.

e) $6,500.

Reference no: EM132504463

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