46. LO.6 Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who...

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46. LO.6 Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a college student, works part-time and earns $1,500. Beth is a high school teacher and earns a salary of $34,000. Their AGI is $37,000.

a. What is the maximum amount Gene can contribute to an IRA in 2013?

b. What is the maximum amount Beth can contribute to an IRA in 2013?

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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Question Posted: Sep 06, 2024 11:01 AM

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46. LO.6 Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who...

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

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