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Please help me solve! Paul, age 30, is married and files a joint return with his spouse. On February 15, 2021, Paul establishes a traditional

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Paul, age 30, is married and files a joint return with his spouse. On February 15, 2021, Paul establishes a traditional IRA for himself and a spousal IRA for his spouse with an $12,000 contribution, $6,000 for himself and $6,000 for his wife. Paul's spouse earned $2,000 in 2020 from a part-time job, and their combined AGI is $76,000. Neither Paul nor his spouse is an active participant in an employer-sponsored retirement plan. Read the requirements. Requirements x tribution is deductible.) a. What amount of the contribution is deductible? b. To what year does the contribution apply? (Assume that an election is made to treat Paul's spouse as having no compensation.) c. Is the deduction reported as for AGI or from AGI? d. How would your answer to Part a change, if at all, if Paul and his spouse were active participants in an employer-sponsored retirement plan? e. If a portion of the contribution is nondeductible in Part d, is it possible for Paul to make a deductible and a nondeductible contribution in the same year? Explain. f. How would your answer to Part a change if Paul and his spouse's combined AGI were $130,000 in 2020 and Paul was an active participant in an employer-sponsored retirement plan? Paul, age 30, is married and files a joint return with his spouse. On February 15, 2021, Paul establishes a traditional IRA for himself and a spousal IRA for his spouse with an $12,000 contribution, $6,000 for himself and $6,000 for his wife. Paul's spouse earned $2,000 in 2020 from a part-time job, and their combined AGI is $76,000. Neither Paul nor his spouse is an active participant in an employer-sponsored retirement plan. Read the requirements. Requirements x tribution is deductible.) a. What amount of the contribution is deductible? b. To what year does the contribution apply? (Assume that an election is made to treat Paul's spouse as having no compensation.) c. Is the deduction reported as for AGI or from AGI? d. How would your answer to Part a change, if at all, if Paul and his spouse were active participants in an employer-sponsored retirement plan? e. If a portion of the contribution is nondeductible in Part d, is it possible for Paul to make a deductible and a nondeductible contribution in the same year? Explain. f. How would your answer to Part a change if Paul and his spouse's combined AGI were $130,000 in 2020 and Paul was an active participant in an employer-sponsored retirement plan

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