Michael is single and 35 years old. He is a participant in his employers sponsored retirement plan.
Question:
Michael is single and 35 years old. He is a participant in his employer’s sponsored retirement plan. How much can Michael contribute to a Roth IRA in 2019 in each of the following alternative situations?
a. Michael’s AGI before the IRA contribution deduction is $50,000. Michael contributed $3,000 to a traditional IRA.
b. Michael’s AGI is $80,000 before any IRA contributions.
c. Michael’s AGI is $135,000 before any IRA contributions.
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Related Book For 
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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