Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a

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Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a Roth IRA. In 2019, their AGI before any IRA contribution deductions is $50,000. Harriet earned $46,000 and Harry earned $4,000.

a. How much can Harriet contribute to her Roth IRA if they file a joint return?

b. How much can Harriet contribute if she files a separate return?

c. How much can Harry contribute to his Roth IRA if they file separately?

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McGraw Hills Essentials Of Federal Taxation 2020 Edition

ISBN: 9781260433128

11th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Mar 16, 2024 07:52 AM

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Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a

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McGraw Hills Essentials Of Federal Taxation 2020 Edition

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