for question 2 i only need A1 and B1
Chandra is age 48 and single. Required: a. What is the maximum contribution that Chandra can make to a Roth IRA if AGI consists of an $89,400 salary? b. What is the maximum contribution that Chandra can make to a Roth IRA if AGI consists of an $89,400 salary plus $44,000 interest and dividends from a trust fund? c. What is the maximum contribution that Chandra can make to a Roth IRA if AGI consists of a $125,000 salary plus a $19,250 share of ordinary income from a partnership? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What is the maximum contribution that Chandra can make to a Roth IRA if AGI consists of an $89,400 salary plus $44,000 interest and dividends from a trust fund? Note: When applicable, round phase-out percentage to the nearest whole number. Fran Eller's corporate mployer has a cafeteria plan under which its employees can receive a $3,000 year-end holiday bonus or enro in a qualified medical reimbursement plan that pays up to $3,000 of annual medical bills. Fran is in a 24 percent tax bracket and averages $2,300 in medial bills each year. Required: a1. Compute the after-tax value of holiday bonus and medical reimbursement plan. (Ignore any payroll tax implications.) a2. Should Fran choose the cash bonus or the nontaxable fringe benefit? b1. If Fran is in the 12 percent tax bracket, compute the after-tax value of holiday bonus and medical reimbursement plan. b2. Should Fran choose the cash bonus or the nontaxable fringe benefit? Answer is not complete. Complete this question by entering your answers in the tabs below. Compute the after-tax value of holiday bonus and medical reimbursement plan. (Ignore any payroll tax implications.) Micah and Lin Davos file a joint tax return. Each spouse contributed the maximum $6,000 to a traditional IRA. Required: In each of the following cases, compute the deduction for these contributions. The AGI in each case is before any deduction a. Neither spouse is an active participant in a qualified retirement plan, and their AGI is $138,400. b. Micah is an active participant, but Lin is not. Their AGI is $128,400. c. Both spouses are active participants, and their AGI is $89,200. d. Micah is self-employed and does not have a SEP plan. Lin is an active participant. Their AGI is $114,400. Note: Do not round intermediate calculations. Answer is complete but not entirely correct