Harriet and Harry Combs (both 37 years old) are married, and both want to contribute to a
Question:
Harriet and Harry Combs (both 37 years old) are married, and both want to contribute to a Roth IRA. In 2022, 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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Calculations a The contribution limit is given by Contribution limit 6000 5...View the full answer
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Labindao Antoque
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Related Book For 
Taxation Of Individuals And Business Entities 2023 Edition
ISBN: 9781265790295
14th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
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