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Business, 03.12.2019 03:31 ghernadez

Shawn, a married 29 year old, deferred 10% of his salary, or $10,000, into a 401(k) plan sponsored by his employer this year. his wife was unemployed all year and did not receive unemployment compensation. assuming shawn has no other income, what is the maximum contribution shawn’s wife can make to her roth ira for 2016?
a) $0.
b) $1,000.
c) $5,500.
d) $6,500.

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Answers: 3

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Shawn, a married 29 year old, deferred 10% of his salary, or $10,000, into a 401(k) plan sponsored b...

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