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wen Phil and Linda are 25-year-o new ywcfid file a joint tax return. Linda is cov- ered by a retirement plan at work, but phil
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Phil and Linda are 25-year-o new ywcfid file a joint tax return. Linda is cov- ered by a retirement plan at work, but phil is not. a. Assuming Phil's wages were $27,000 and Lind* wages were $18,500 for 2014 and they had no other income, what is the maximum amount of their deductible contributions to an IRA for 2014? Phil Linda s s b. Assuming wages were $49,000 and Linda's wages were $68,000 for 2014 and they had no other income, what is the maximum amount of their deduct- ible contributions to an IRA for 2014? Phil Linda s s
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