William is a single writer (age 35) who recently decided that he needs to save more for

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William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2014AGI is $61,000 (all earned income).
a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2014?
b. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2014?
c. Assuming the same facts as in b. except William's AGI is $75,000, what is the maximum deductible IRA contribution William can make in 2014?
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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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