Charlotte is age 52, married, and reported AGI of $107,000 in tax year 2018. She is an active participant in her employer's pension plan. What is the disallowed portion of her deductible IRA contribution in 2018?
A. $6,500.
B. $4,550.
C. $0.
D. $1,950.
Answer: D
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Indicate whether the statement is true or false
An American company has been working on a business deal in a developing nation. This deal will open an entirely new market to the American company, increase stability in the local economy, and provide jobs to thousands of local workers
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