In 2021, Cecilia is 60 years old, and her Adjusted Gross Income is $50,000. Her...
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Accounting
In 2021, Cecilia is 60 years old, and her Adjusted Gross Income is $50,000. Her filing status is Single. Cecilia is an active participant in a pension plan with her employer. In 2021, what is her maximum contribution to an Individual Retirement Account that would be fully deductible?
Group of answer choices
$7,000
$0
$6,000
$19,500
Answer & Explanation
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