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John (age 55 and single) has earned income of $5,700. He has $31,900 of unearned (capital gain) income. a. If he does not participate
John (age 55 and single) has earned income of $5,700. He has $31,900 of unearned (capital gain) income. a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2019? 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 2019? 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 2019 if he has earned income of $12,400? Maximum deductible IRA contribution
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General Limit for the Year 2019 6000 for age below and 50 years 7000 if you are age 50 or older 0 fo...
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Essentials Of Federal Taxation 2018
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
9th Edition
1260007642, 978-1260150292, 1260150291, 978-1260007640
