Question
Jasmine, age 48, contributed $5,000 to her traditional IRA. She is an active participant in a retirement plan at work. Her IRA MAGI is $75,000.
Jasmine, age 48, contributed $5,000 to her traditional IRA. She is an active participant in a retirement plan at work. Her IRA MAGI is $75,000. What is her IRA adjustment to income?
(A) $0
(B) $5,000
(C) $6,000
(D) $7,000
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Fundamentals Of Taxation 2016
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
9th Edition
1259812774, 978-1259812774
