IRA contributions serve to reduce taxable income

A)

for those who do not have a company-sponsored retirement plan, regardless of how much they may earn.
B)

for those who do not have a company-sponsored plan and earn less than a specified maximum amount.
C)

for all those with earned income, regardless of income level and the existence of a company-sponsored retirement plan.
D)

only for those with a company-sponsored retirement plan.

A

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