ANSWERS: 1
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If you are under 50 at the end of 2009, maximum 2009 contribution for a Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2009. If you are 50 or older, the maximum contribution is the smaller of $6,000 or the amount of your taxable compensation.
Source:
Resource:
Internal Revenue Service IRA Contribution and Deduction Limits
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