McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 65

In 2011, Susan (44 years old) is a highly successful architect and is covered by an employee-sponsored plan.Her husband, Dan (47 years old), however, is a Ph..student and is unemployed.Compute the maximum deductible IRA contribution for each spouse in the following alternative situations.a.Susan's salary and the couple's AGI is $180,000.The couple files a joint tax return.b.Susan's salary and the couple's AGI is $120,000.The couple files a joint tax return.c.Susan's salary and the couple's AGI is $80,000.The couple files a joint tax return.d.Susan's salary and her AGI is $80,000.Dan reports $5,000 of AGI and earned income.The couple files separate tax returns.