Question
Your clients, Carmello and Leslie (ages 34 and 35, respectively) are married and want to contribute to a Roth IRA. In 2019, their AGI totaled
Your clients, Carmello and Leslie (ages 34 and 35, respectively) are married and want to contribute to a Roth IRA. In 2019, their AGI totaled $42,000 before any IRA-related transactions. Of the $42,000, Carmello earned $35,000 and Leslie earned $7,000. How much can each spouse contribute to a Roth IRA if they file jointly? How much can each spouse contribute to a Roth IRA if they file separately?
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Fundamental Accounting Principles Volume 2
Authors: John Wild, Ken Shaw, Barbara Chiappetta
21st Edition
0077716663, 978-0077716660
