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Please provide an explanation with your answer. 3. Seth and Morgan were just married,...

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Accounting

Please provide an explanation with your answer.image

3. Seth and Morgan were just married, but Seth does not work. They are both 25 years old. Morgan supports Seth with funds from her trust fund, investment income of $12,000, and her part-time carnings of $7,000 this year. If Morgan contributes $5,500 in 2018 to her Roth IRA, how much can Seth contribute to his traditional IRA? a. $0 b. $250 c. $1,500. d. $5,500. 3. Seth and Morgan were just married, but Seth does not work. They are both 25 years old. Morgan supports Seth with funds from her trust fund, investment income of $12,000, and her part-time carnings of $7,000 this year. If Morgan contributes $5,500 in 2018 to her Roth IRA, how much can Seth contribute to his traditional IRA? a. $0 b. $250 c. $1,500. d. $5,500

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