Question
1.Jackson and Ashley Turner (both 45 years old) are married and want to contribute to a Roth IRA for Ashley. In 2016, their AGI is
1.Jackson and Ashley Turner (both 45 years old) are married and want to contribute to a Roth IRA for Ashley. In 2016, their AGI is $187,600. Jackson and Ashley each earned half of the income.
a.How much can Ashley contribute to her Roth IRA if they file a joint return?
b.How much can Ashley contribute if she files a separate return?
c.Assume that Ashley earned all of the couples income and that she contributed the maximum amount she is allowed to contribute to a Roth IRA. What amount can be contributed to Jacksons Roth IRA?
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CIA Exam Practice Questions Certified Internal Auditor
Authors: The Internal Audit Foundation
1st Edition
163454045X, 978-1634540452
