Maximum contribution to individual retirement account


Question: In 2022, Ken is 65 years old, and his Adjusted Gross Income is $60,000. His filing status is Single. Ken is an active participant in a pension plan with his employer. In 2022, what is his maximum contribution to an Individual Retirement Account that would be fully deductible? Group of answer choices $0 $6,000 $7,000 $10,000

 

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Accounting Basics: Maximum contribution to individual retirement account
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