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jasenka [17]
3 years ago
14

An individual owns a bicycle repair business as a sole proprietorship. He does not make a lot of money, but he does have $5,000

available for investment this year. The BEST recommendation for this individual is to make a $5,000 contribution to a(n):
Business
1 answer:
sattari [20]3 years ago
6 0

Answer:

Roth IRA

Explanation:

The best recommendation for this individual would be to make a $5,000 contribution to a Roth IRA fund. A Roth IRA is an individual retirement account in the United States that offers tax-free growth and withdrawals in retirement at age 59½ or older. Since Roth IRA accounts have a annual contribution limit which varies between 5k to 6k a year, the individual will be able to max out this year's contribution with this single payment.

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5 0
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Answer:

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