Question
The following taxpayers are covered by an employer-sponsored retirement plan. Which one may FULLY DEDUCT their traditional IRA contribution? Kelli files single. Her modified AGI
The following taxpayers are covered by an employer-sponsored retirement plan. Which one may FULLY DEDUCT their traditional IRA contribution?
Kelli files single. Her modified AGI is $68,000.
Mark files head of household. His modified AGI is $68,001.
Samantha is married, did not live with her spouse at any time during the year, and chooses to file a separate return. Her modified AGI is $10,975.
Donald is married and files a joint return. Both he and his spouse are covered by an employer-sponsored plan. The couple's modified AGI is $109,500.
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South-Western Federal Taxation 2018 Comprehensive
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
41st Edition
1337386006, 978-1337386005
