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Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilberts employer doesnt offer any type of qualified retirement plan. Each spouse
Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilberts employer doesnt offer any type of qualified retirement plan. Each spouse contributes $3,700 to a traditional IRA. In each of the following cases, compute the AGI on their joint return. a.AGI before an IRA deduction is $136,000. b.AGI before an IRA deduction is $196,800.
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