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Use the following charts to answer the following question below: AGI phaseout limitations (2022) for deductibility of contributions to Traditional IRA: Tax Filing Taxpayer is

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Use the following charts to answer the following question below: AGI phaseout limitations (2022) for deductibility of contributions to Traditional IRA: Tax Filing Taxpayer is an active Taxpayer not active participant in a Status participant in QP QP, but taxpayer's spouse is Single $68k$78kN/A $109k$129k$204k$214k AGI phaseout limitations (2022) for Roth IRA contributions: Tax Filing Status AGI Phaseout Limit Single $129k$144k MFJ $204k$214k Question: Rodney, age 53, works as a manager at a law firm and has $197,000 earned income. He is an active participant in his 401(k) plan through work. His wife, Danielle, age 52 , does not have any earned income on her own. They file MFJ and have other investment income and so their Adjusted Gross Income (AGI) of $207,000. What is the maximum amount that could be contributed to each account below in 2022? Use the following charts to answer the following question below: AGI phaseout limitations (2022) for deductibility of contributions to Traditional IRA: Tax Filing Taxpayer is an active Taxpayer not active participant in a Status participant in QP QP, but taxpayer's spouse is Single $68k$78kN/A $109k$129k$204k$214k AGI phaseout limitations (2022) for Roth IRA contributions: Tax Filing Status AGI Phaseout Limit Single $129k$144k MFJ $204k$214k Question: Rodney, age 53, works as a manager at a law firm and has $197,000 earned income. He is an active participant in his 401(k) plan through work. His wife, Danielle, age 52 , does not have any earned income on her own. They file MFJ and have other investment income and so their Adjusted Gross Income (AGI) of $207,000. What is the maximum amount that could be contributed to each account below in 2022

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