Jerrad, age 51, works 15 hours a week at a local fast-food restaurant while attending university. He recently learned about the power of compounding, which led him to open a traditional IRA this year. If he earned $8,250 in wages this year, what is the most Jerrad may contribute to his traditional IRA? Select answer from the options below $7,500.00 $6,500.00 $8,500.00 $9,250.00