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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
Edition 3ISBN: 9780078111068McGraw-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
Edition 3ISBN: 9780078111068 Exercise 5
Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a Roth IRA.In 2011, their AGI 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?
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?
Explanation
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Roth IRA
Tax payer who meet certain req...
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
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