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 2019 is $196,000, and they earn salaries of $87,000 and $95,000, respectively.
Click here to access Exhibit 9.2.
Compute the following amounts. If an amount is zero, enter "0". Do not round intermediate computations.
Amount a. The amount each can contribute to a regular IRA. $ 6000
b. The amount each can deduct for regular IRA contributions. $0
This is the one I need help with
c. The amount each can contribute to a Roth IRA. $
d. The amount each can deduct for Roth IRA contributions. $0
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
9th Edition
1119754054, 9781119754053
