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Marta_Voda [28]
3 years ago
9

Barry is a single, 40-year-old software engineer earning $190,000 a year and is not covered by a pension plan at work. How much

can he put into a Roth IRA in 2019?
Business
1 answer:
Anna007 [38]3 years ago
3 0

Answer:

Barry cannot contribute any amount to Roth IRA

Explanation:

For a single/ unmarried individual to be able to contribute to Roth IRA plan, his Adjustable Gross Income (AGI) should range between $117,000 and $132,000. Since Barry's annual income is $190,000, which is higher than the maximum AGI required for a single to be able to contribute to Roth IRA, he cannot contribute to Roth IRA.

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Giving the following information:

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