LO9,10 Kevin and Jill are married and file a joint return. Kevin is 52 and is not

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LO9,10 Kevin and Jill are married and file a joint return. Kevin is 52 and is not an active participant in a qualified employee pension plan, while Jill is 48 and is an active participant in a qualified employee pension plan. Determine the maximum Roth IRA contribution that can be made in each of the following cases:

a. Their adjusted gross income for the year is $122,000.

b. Their adjusted gross income for the year is $168,000.

c. Their adjusted gross income for the year is $175,000.

d. How would your answers to parts a and b change if Kevin makes the maximum allowable contribution to his deductible IRA?

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Concepts In Federal Taxation 2011

ISBN: 9780538467926

18th Edition

Authors: Kevin E. Murphy, Mark Higgins

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