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John (age 57 and single) has earned income of $4,200. He has $32,900 of unearned (capital gain) income. a. If he does not participate in

John (age 57 and single) has earned income of $4,200. He has $32,900 of unearned (capital gain) income.

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a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2020? 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 2020? 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 2020 if he has earned income of $14,600? Maximum deductible IRA contribution

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