Question
John (age 59 and single) has earned income of $4,800. He has $31,700 of unearned (capital gain) income. a. If he does not participate in
John (age 59 and single) has earned income of $4,800. He has $31,700 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 2017?
b. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2017?
c. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2017 if he has earned income of $15,300?
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
3rd Canadian edition
1-119-40285-5, 111940276X, 978-1119566007
