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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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