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For 2020, Chanda is 36, single, and an active participant in a qualified employee pension plan. Determine the maximum Roth IRA contribution that she can
For 2020, Chanda is 36, single, and an active participant in a qualified employee pension plan. Determine the maximum Roth IRA contribution that she can make each of the following cases: If an amount is zero, enter "o". a. Chanda's adjusted gross income is $66,000 and assume that she did not make any contributions to other IRA accounts during the year, Complete the following: As long as her gross income is below 5,500 X , she is allowed to make a nondeductible to her Roth IRA. Feedback b. Chanda's adjusted gross income is $125,000 and assume that she did not make any contributions to other IRA accounts during the year. Complete the following: The contribution will be ratably phased out assuming her adjusted gross income does not exceeds The amount of her Roth IRA deduction will be $ Feedback C. Chanda's adjusted gross income is $139,000 and assume that she did not make any contributions to other IRA accounts during the year. Complete the following: Chanda is not allowed a contribution to a Roth IRA. Complete the following: The contribution will be ratably phased out assuming her adjusted gross income does not exceed The amount of her Roth IRA deduction will be Feedback C. Chanda's adjusted gross income is $139,000 and assume that she did not make any contributions to other IRA accounts during the year. Complete the following: Chanda is not allowed a contribution to a Roth IRA. Feedback d. Chanda's adjusted gross income $65,000 and she makes a $3,000 contribution to a deductible IRA account. Complete the following Chanda's max contribution to a Roth IRA is Fardhack Feadback Check My Work Partially correct Check My Work
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