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Compute the traditional IRA deductions in the following situations. Taxpayer is 32 years old unless otherwise stated. Filing StatusAGICovered by plan HOH50,000Yes MFJ150,000No, Taxpayers are
Compute the traditional IRA deductions in the following situations. Taxpayer is 32 years old unless otherwise stated.
Filing StatusAGICovered by plan
HOH50,000Yes
MFJ150,000No, Taxpayers are 55.
MFJ109,000Working spouse Yes; Other spouse not working
Single66,000Yes
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