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Please show work. thank you. ! Required information Problem 13-63 (LO 13-4) (Algo) [The following information applies to the questions displayed below.] John (age 53
Please show work. thank you.
! Required information Problem 13-63 (LO 13-4) (Algo) [The following information applies to the questions displayed below.] John (age 53 and single) has earned income of $3,600. He has $34,600 of unearned (capital gain) income. Problem 13-63 Part a (Algo) a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2020? Maximum deductible IRA contribution Problem 13-63 Part c (Algo) c. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2020 if he has earned income of $11,600? Maximum deductible IRA contributionStep by Step Solution
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