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Mr. and Mrs. Marlo, ages 39 and 35, file a joint tax return. Each spouse contributed only $2,000 to a traditional IRA. Required: In each

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Mr. and Mrs. Marlo, ages 39 and 35, file a joint tax return. Each spouse contributed only $2,000 to a traditional IRA. Required: In each of the following cases, compute the deduction for these contributions. The AGI in each case is before any deduction a. Mr. Marlo is an active participant in his employer's qualified profit-sharing plan. Mrs. Marlo is self-employed and doesn't have a Keogh plan. Their AGI is $114,000. b. Both spouses are active participants in their employer's qualified pension plan. Their AGI is $73.000, c. Both spouses are active participants in their employer's qualified Section 401K) plan. Their AGI is $218,500. d. Neither spouse is an active participant in their employer's qualified ESOP. Their AGI is $469,000. Answer is complete but not entirely correct. a Deduction for the contribution b Deduction for the contribution c. Deduction for the contribution d Deduction for the contribution $ S Amount 10,000 10,000 s $ 10.000 X

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