What is the IRA contribution adjustment for married filing jointly?

Tax Return 5 Property Transactions Ron and Hermoine Weesly are happily married and enjoying life. Ron and Hermoine are both 54. Ron has an extensive investment portfolio that he manages, both in terms of financial and real assets. Hermoine is a school teacher. They have two children. During the tax year Ron and Hermoine had the following transactions and financial events. Hermoine earned gross income of $75,000. She participated in her employers cafeteria plan through which she purchased a qualified high deductible health insurance plan for $6,000 annually and contributed the maximum contribution to the HSA plan. Hermoine also contributed $15,000 to her employers 403(b) plan. (What is Hermoines income amounts reported in Boxes 1, 3, and 5 of her form W-2?) Ron is self-employed and loves making people smile. He worked part-time selling ice cream and other frozen novelties. From his business he made $10,000 of net income after all business related deduction. Ron also owns a couple of rental properties that he manages. During the year he sold Rental Property A for $282,000. He had owned the property for 6 years and had taken $42,000 of deprecation on the building (including some depreciation taken this year prior to the sale of the building). He originally purchased the property for $180,000. Rental Property B was exchanged for another property during the year. Rental Property B was just a few miles from Rons house, but their children are getting ready to State University which is about 2.5 hours from home. So Ron decided to exchange his local rental property for something located near State University so that his children could live there while going to school and he could also rent one or two extra rooms out to other students. On March 1 he sold Rental Property B for $332,000 (adjusted basis at the time of sale was $170,000, original purchase price was $215,000, owned for 7 years). All of the money from the sale of Rental Property B were held in escrow by a qualified third-party representative. Ron found a property he liked near State University on March 31st and purchased the property for cash. The FMV of the property purchased was $280,000 and Ron directed the escrow agent to pay for the property. The remaining $52,000 was given dispersed to Ron. Rons investment portfolio paid $14,000 in qualified dividends. He also received long-term capital gain distributions of $10,000 from the mutual funds that he owns, but he did not sell any of the funds. Ron had purchased gold and silver bullion in the early 2000s. He decided to sell a 400 troy ounce gold bar for $777,375. Rons basis in the gold bar was $413,757. Finally, Ron had dabbled in Bitcoin trading during the year. He held most of his trades for an average of 3 days. His total sales proceeds was $1,200,000 and his total cost basis for those sales was $1,125,000. All holding periods were less than 1 year and the basis is reported to the IRS. Prepare Ron and Hermoines federal income tax statement. Assume that they have paid $30,000 in estimated federal tax payments. Also assume that they take the standard deduction. Their children are ages 16 and 18.