Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are
Question:
Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans. Their total AGI in 2022 is $207,000, and they earn salaries of $89,000 and $95,000, respectively.
What amount may Carri and Dane:
a. Contribute to regular IRAs?
b. Deduct for their contributions in part (a)?
c. Contribute to Roth IRAs?
d. Deduct for their contributions in part (c)?
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a Carri and Dane both can contribute 6000 12000 com...View the full answer
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Related Book For 
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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