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Hi, I am trying to resolve this question, but I can't find the answer....

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Accounting

Hi,

I am trying to resolve this question, but I can't find the answer. Please help to calculate and explain its steps. Thanks

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Discussion Question 9-12 (LO. 6) Joey, age 49, who is single, is not covered by another qualified plan and earns $124,000 (AGI is also $124,000) in 2019. How much can he contribute to a traditional IRA or to a Roth IRA in 2019? Click here to access Concept Summary 9.4. Carry out any division to four decimal places and use in subsequent computations. If required, round your final answers to the nearest dollar. In 2019, he can contribute $ 6,000 to a traditional IRA or $ 2,000 X to a Roth IRA

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