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Ms. Ray is age 46 and single. Her employer made a $2,430 contribution to her qualified profit-sharing plan account, and she made the maximum contribution
Ms. Ray is age 46 and single. Her employer made a $2,430 contribution to her qualified profit-sharing plan account, and she made the maximum contribution to her traditional IRA.
- Compute her IRA deduction if Ms. Rays $55,800 salary is her only income item.
- Compute her IRA deduction if Ms. Rays $68,460 salary is her only income item.
- Compute her IRA deduction if Ms. Rays $68,460 salary and $7,600 dividend income are her only income items.
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