12.) Ms. Shin retired in 2021 at age 63 and made the first withdrawal of $20,000 from a traditional IRA. At year-end, the IRA balance was $89,200. In 2022, Ms. Shin withdrew $22,000 from the IRA. At year-end, the account balance was $71,100.

Required:

1. Determine how much of each annual withdrawal was taxable assuming that contributions to the IRA were fully deductible.
2. Determine how much of each annual withdrawal was taxable assuming that Mrs. Shin made $26,500 nondeductible contributions to the IRA.
3. Determine how much of each annual withdrawal was taxable assuming that Mrs. Shin made $37,950 nondeductible contributions to the IRA.

11.) Micah and Lin Davos file a joint tax return. Each spouse contributed the maximum $6,000 to a traditional IRA.

Required:

In each of the following cases, compute the deduction for these contributions. The AGI in each case is before any deduction.

1. Neither spouse is an active participant in a qualified retirement plan, and their AGI is $138,400.
2. Micah is an active participant, but Lin is not. Their AGI is $128,400.
3. Both spouses are active participants, and their AGI is $89,200.
4. Micah is self-employed and does not have a SEP plan. Lin is an active participant. Their AGI is $114,400.