Question
John (age 51 and single) has earned income of $4,500. He has $31,000 of unearned (capital gain) income. Problem 13-62 Part a a. If he
John (age 51 and single) has earned income of $4,500. He has $31,000 of unearned (capital gain) income.
Problem 13-62 Part a
a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2018?
MAXIMUM DEDUCTIBLE IRA CONTRIBUTION________?
b. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2018?
MAXIMUM DEDUCTIBLE IRA CONTRIBUTION________?
c. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2018 if he has earned income of $16,100?
MAXIMUM DEDUCTIBLE IRA CONTRIBUTION________?
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