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2021 AGI Phase-Out Ranges for Traditional and Roth IRA Contributions to be used for this problem. a. During 2021, George (a 24-year-old single taxpayer) has
2021 AGI Phase-Out Ranges for Traditional and Roth IRA Contributions to be used for this problem. a. During 2021, George (a 24-year-old single taxpayer) has a salary of s48,000, dviderd irogene of \$14,000, and interest income of $4,000. In addition, he has rental income of $1,000. checroe is covered by a cualified retirem ent plan. Calculate the maximum reoular tha deduction that ceorge is allowed. Calculate Irene's maximum contitbution to a froth 154. tuad a 150,000 bolance at the time of the distribusion. Determine how mach of Wanday tllstritution is taxable
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