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Thadra and Deb, both age 48, are married and filed a joint Federal income tax return for the current year. Their adjusted gross income was
Thadra and Deb, both age 48, are married and filed a joint Federal income tax return for the current year. Their adjusted gross income was $113,000, including Thadras $95,000 salary. Deb had no income of her own. Neither spouse was covered by an employer-sponsored retirement plan. What amount could they contribute to IRAs for 2019 to take advantage of their maximum allowable IRA deduction for their return? 
6. Thadra and Deb, both age 48, are married and filed a joint Federal income tax return for the current year. Their adjusted gross income was $113,000, including Thadra's $95,000 salary. Deb had no income of her own. Neither spouse was covered by an employer-sponsored retirement plan. What amount could they contribute to IRAs for 2019 to take advantage of their maximum allowable IRA deduction for their return? 2. $0. b. $6,000 C. $12,000. d. $14,000
Thadra and Deb, both age 48, are married and filed a joint Federal income tax return for the current year. Their adjusted gross income was $113,000, including Thadras $95,000 salary. Deb had no income of her own. Neither spouse was covered by an employer-sponsored retirement plan. What amount could they contribute to IRAs for 2019 to take advantage of their maximum allowable IRA deduction for their return?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
