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John (age 51 and single) has earned income of $3,000. He has $30,000 of unearned (capital gain) income. (Omit the "tiny_mce_markerquot; sign in your response.)

Required:

(a) If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2010?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9406697

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