Question
Michael is single and 35 years old. He is a participant in his employers sponsored retirement plan. How much can Michael contribute to a Roth
Michael is single and 35 years old. He is a participant in his employers sponsored retirement plan. How much can Michael contribute to a Roth IRA in 2019 in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.)
a. Michaels AGI before the IRA contribution deduction is $55,000. Michael contributed $3,200 to a traditional IRA.
b. Michaels AGI is $85,000 before any IRA contributions.
c. Michaels AGI is $129,000 before any IRA contributions.
| A. Contribution to Roth IRA | ? |
| B. Contribution to Roth IRA | ? |
| C. Contribution to Roth IRA | ? |
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
9th edition
1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343
