Roth Individual Retirement Account (LO. 10)

Kevin and Jill are married and file a joint return. Kevin is 52 and is not an active participant in a qualified employer pension plan, while Jill is 48 and is an active participant in a qualified employer pension plan. Determine the maximum Roth IRA contribution that can be made in each of the following cases:

a. Assume that they did not make any contributions to other IRA accounts during the year. When their adjusted gross income for the year is $125,000, Jill's maximum contribution to her Roth IRA is $

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Roth IRAs have different rules regarding allowed contributions, depending on the taxpayer's specific situation.

b. When their adjusted gross income for the year is $184,000, Jill's maximum contribution to her Roth IRA is $ .

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c. When their adjusted gross income for the year is $191,000, Jill's maximum contribution to her Roth IRA is $ .

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d. Would your answer to parts a and b (for Kevin's contribution) change if Kevin makes the maximum allowable contribution to his deductibleIRA? - Select your answer -YesNoCorrect 1 of Item 4

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