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Tony is 29 years old and single. In 2019, he was covered by a retirement...

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Accounting

Tony is 29 years old and single. In 2019, he was covered by a retirement plan at work. His salary is $88,500. His modified adjusted gross income (MAGI) is $80,000. Tony makes a $6,000 IRA contribution for 2019. What amount of his IRA contribution can Tony deduct on his California tax return?

A. $0 B. $2,500 C. $2,750 D. $5,500

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