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1.John (age 52 and single) has earned income of $3,000. He has $33,800 of unearned (capital gain) income. a.If he does not participate in an

1.John (age 52 and single) has earned income of $3,000. He has $33,800 of unearned (capital gain) income.

a.If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2016?

b.If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2016?

c.If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2016 if he has earned income of $18,600?

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