James a married 39 year old employee plans to defer 10000, Ask an Expert

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James, a married 39 year old employee, plans to defer $10,000, into a 401(k) plan sponsored by Truffle Times. His wife Kate is unemployed and not receiving unemployment compensation.

Assuming James has no other income, James and Kate file jointly, and their AGI is expected to be $100,000, what is the maximum contribution Kate can make to her Roth IRA for 2016?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92795932

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