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What Is the Maximum Amount a 30-Year-Old Taxpayer and a 35-Year-Old

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Essay

What is the maximum amount a 30-year-old taxpayer and a 35-year-old spouse can put into a Traditional or Roth IRA for 2015, assuming they earn $50,000 in total and are not covered by pension plans?


Definitions:

Neuron

A neuron is a nerve cell that is the basic building block of the nervous system, responsible for transmitting information throughout the body.

Neural Communication

The process by which neurons transmit information through electrical and chemical signals across synapses.

Glial Cells

Non-neuronal cells in the central nervous system and the peripheral nervous system that support, protect, and nourish neurons.

Functions

The natural purpose or actions that an object or individual is designed or expected to perform.

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