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Business, 09.11.2020 17:00 FernandesLD8773

Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a college student, works part-time and earns $1,500. Beth is a high school teacher and earns a salary of $34,000. Required:
a. What is the maximum amount Gene can contribute to an IRA in 2016?
b. What is the maximum amount Beth can contribute to an IRA in 2016?

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Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a college student, wo...
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