Feng, a single 40-year-old lawyer, is covered by a qualified retirement plan at work. His salary is $115,000, and his total AGI is $129,000. The maximum contribution he can make to a Roth IRA in 2018 is
A) 0.
B) $3,300.
C) $2,200.
D) $5,500.
C) $2,200.
$5,500 - ($5,500 × ($129,000 - 120,000)/15,000). Participation in a retirement plan at work is not relevant to a Roth. Only AGI is relevant.
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