Question
Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans. Their
Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans. Their total AGI in 2023 is $231,000, and they earn salaries of $109,000 and $95,000, respectively. Click here to access Exhibit 9.1. Compute the following amounts. If an amount is zero, enter "0". Do not round intermediate computations.
a. The amount each can contribute to a traditional IRA. $
b. The amount each can deduct for traditional IRA contributions. $
c. The amount each can contribute to a Roth IRA. $
d. The amount each can deduct for Roth IRA contributions. $
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Stand Up To The Irs How To Handle Audit Tax Bill And Tax Count
Authors: Frederick W. Daily, Robin Leonard
1st Edition
0873373375, 978-0873373371
