Karen, 28 years old and a single taxpayer, has a salary of $30,000 and rental income of
Question:
a. What is the maximum amount that Karen may deduct for contributions to her IRA for 2016?
b. If Karen is a calendar year taxpayer and files her tax return on August 15, what is the last date on which she can make her contribution to the IRA and deduct it for 2016?
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Rustia Melrod
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Related Book For 
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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