Question
Jackson and Ashley Turner (both 45 years old) are married and want to contribute to a Roth IRA for Ashley. In 2014, their AGI is
Jackson and Ashley Turner (both 45 years old) are married and want to contribute to a Roth IRA for Ashley. In 2014, their AGI is $188,000. Jackson and Ashley each earned half of the income.
a.How much can Ashley contribute to her Roth IRA if they file a joint return?
Contribution to Roth IRA____?
b.How much can Ashley contribute if she files a separate return?
Contribution to Roth IRA____?
c.Assume that Ashley earned all of the couple's income and that she contributed the maximum amount she is allowed to contribute to a Roth IRA. What amount can be contributed to Jackson's Roth IRA if they file a joint return?
Contribution to Roth IRA____?
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
