In the current year Chanda is 36, single, and an active participant in a qualified employee pension
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In the current year Chanda is 36, single, and an active participant in a qualified employee pension plan. Determine the maximum Roth IRA contribution that she can make in each of the following cases:
a. Her adjusted gross income for the year is $66,000.
b. Her adjusted gross income for the year is $125,000.
c. Her adjusted gross income for the year is $139,000.
d. Her adjusted gross income for the year is $65,000, and she makes a $3,500 contribution to a deductible IRA account.
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Related Book For
Concepts In Federal Taxation 2021
ISBN: 9780357141212
28th Edition
Authors: Kevin E. Murphy, Mark Higgins, Randy Skalberg
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