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Ms. Ray is age 46 and single. Her employer made a $2,730 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 $2,730 contribution to her qualified profit-sharing plan account, and she made the maximum contribution to her traditional IRA. Required: a. Compute her IRA deduction if Ms. Ray's $54,900 salary is her only income item. b. Compute her IRA deduction if Ms. Ray's $69,450 salary is her only income item. c. Compute her IRA deduction if Ms. Ray's $69,450 salary and $7,600 dividend income are her only income items. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute her IRA deduction if Ms. Ray's $54,900 salary is her only income item. IRA deduction Ms. Ray is age 46 and single. Her employer made a $2,730 contribution to her qualified profit-sharing plan account, and she made the maximum contribution to her traditional IRA. Required: a. Compute her IRA deduction if Ms. Ray's $54,900 salary is her only income item. b. Compute her IRA deduction if Ms. Ray's $69,450 salary is her only income item. c. Compute her IRA deduction if Ms. Ray's $69,450 salary and $7,600 dividend income are her only income items. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute her IRA deduction if Ms. Ray's $69,450 salary is her only income item. (Do not round pl other intermediate values to the nearest whole dollar amount.) IRA deduction
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