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1. Micheals AGI before the IRA contribution deduction is $62000. Micheal contributed $4600 to a traditional IRA. What is his contribution to Roth IRA, if
1. Micheal’s AGI before the IRA contribution deduction is $62000. Micheal contributed $4600 to a traditional IRA. What is his contribution to Roth IRA, if the phaseout is $124000?2. Micheal’s AGI is $95000 before any IRA contributions. Then what is his contribution of Roth IRA, if the phaseout is $124000?
Michael is single and 35 years old. He is a participant in his employer's sponsored retirement plan. How much can Michael directly contribute to a Roth IRA in 2023 in each of the following alternative situations? Note: Leave no answers blank. Enter zero if applicable.
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College Algebra
Authors: Michael Sullivan, Michael Sullivan III
11th Edition
0135226864, 9780135226865
