Question
Ed and Cathy, both under age 50, file a joint return. Neither is covered under an employer pension plan. Cathy earned compensation of $56,500 in
Ed and Cathy, both under age 50, file a joint return. Neither is covered under an employer pension plan. Cathy earned compensation of $56,500 in 2018. Ed worked part-time and earned $1,410. What is the maximum deductible IRA contribution they can make in 2018?
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$11,000.
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$6,910.
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$0.
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$5,500.
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Financial Accounting
Authors: Belverd E. Needles
5th Edition
0395698022, 978-0395698020
