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Compute the AGI in the following cases Case A Mr. and Mrs. Lawry, both age 60, each make the maximum contribution to their traditional IRAs.
Compute the AGI in the following cases
Case A Mr. and Mrs. Lawry, both age 60, each make the maximum contribution to their traditional IRAs. Mr. Lawry is an active participant in a section 401(k) plan, but Mrs. Lawry is not an active participant in any other qualified plan. If their joint AGI before any IRA deduction is $144,900, compute their AGI. Contributions Deduction AGI Case B Mr. and Mrs. Lawry, age 52 and 49 respectively, each make the maximum contribution to their traditional IRAs. Mr. Lawry is an active participant in a section 401(k) plan, but Mrs. Lawry is not an active participant in any other qualified plan. If their joint AGI before any IRA deduction is $204,900, compute their AGI. Contributions Deduction AGI Case C Mr. and Mrs. Lawry, both age 60, each make the maximum contribution to their traditional IRAs. Mr. Lawry is an active participant in a section 401(k) plan, but Mrs. Lawry is not an active participant in any other qualified plan. If their joint AGI before any IRA deduction is $100,000, compute their AGI. Contributions Deduction AGI Case D Mr. and Mrs. Lawry, 52 and 49 respectivel each make the maximum contribution to their Roth IRAS. Mr. Lawry is an active participant in a section 401(k) plan, but Mrs. Lawry is not an active participant in any other qualified plan. If their joint AGI before any IRA deduction is $205,900, compute their contributions and their AGI. Contributions Deduction AGI
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