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Ben Is a 19-Year-Old Single Software Inventor Earning $200,000 a Year

question 91

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Ben is a 19-year-old single software inventor earning $200,000 a year and is not covered by a pension plan at work.How much can he put into a Roth IRA in 2018?


Definitions:

Diagramming Software

A type of application that allows users to create diagrams, flowcharts, and other graphical representations.

Open Office Draw

A vector graphic editor and diagramming tool included in the OpenOffice suite, used for creating drawings, flowcharts, and other graphical documents.

Word Processing Programs

Software tools designed for the creation, editing, and formatting of text documents.

.doc Format

A file extension for documents created by Microsoft Word, often used for text-heavy files.

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