audreybaker18 audreybaker18

29-07-2024
Mathematics

Answered

Denise earned $198,000 in wages in 2023. She also had investment income of $4,700. She is 48 years old and will use the single filing status. She is not covered by an employer-sponsored retirement plan, but if possible, she would like to contribute to a Roth IRA for 2023. If Denise has no other income or adjustments, what is the maximum amount she can contribute?

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