A)The first and last years of MACRS depreciation deductions for a 5-year asset costing $10,000 using the half-year convention are:

a. $2,000 and $576

b. $2,000 and $1,000

c. $2,000 and $1,152

d. $2,000 and $2,000

B)

Fred, age 44, wants to contribute the maximum allowed to a Roth IRA in 2017. He is single and his AGI is $121,000. How much can he contribute to the Roth IRA? a. $3,300

b. $4,400

c. $5,500

$6,500