In 2020, Tyson (Age 22)earned $3,500 from His Part-Time Job

question 134

Essay

In 2020, Tyson (age 22)earned $3,500 from his part-time job and he reported $15,000 of interest income (unearned income). Assuming he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution Tyson can make in 2020?

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