1. Carole, age 38, is single and works as a physical therapist. She is covered by...

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1. Carole, age 38, is single and works as a physical therapist. She is covered by her employers retirement plan, and contrib

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Answer 1

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Carole can deduct $5,500 as IRA contribution as per IRS rules. she is single so limit is $6,000 for 2019 her modified AGI is less than $64,000 and she contributed in traditional IRA.

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