Question
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 the maximum $6,000 to a traditional IRA. In each of the following cases, compute the AGI on their joint return.
- AGI before an IRA deduction is $129,000.
- AGI before an IRA deduction is $196,100.
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Finance For Non-Finance People
Authors: Sandeep Goel
2nd Edition
0367185083, 9780367185084
