Question 1: For an individual who is 45 years of age and has taxable earnings of $27,400, the annual contribution limit to a Payroll Deduction IRA is $ Answer: А. O $6.000 В. O $7,000 C. O 55,500 D. O $6,500

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter6: Analysing And Journalizing Payroll
Section: Chapter Questions
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Question 1: For an individual who is 45 years of age and has taxable earnings of $27,400, the annual contribution limit to a Payroll Deduction IRA is $
Answer:
А.
O $6,000
В.
O 57,000
С.
O 55,500
D.
O $6,500
Transcribed Image Text:Question 1: For an individual who is 45 years of age and has taxable earnings of $27,400, the annual contribution limit to a Payroll Deduction IRA is $ Answer: А. O $6,000 В. O 57,000 С. O 55,500 D. O $6,500
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