
McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver
Edition 3ISBN: 978-0077328368
McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver
Edition 3ISBN: 978-0077328368 Exercise 42
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
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
Explanation
Roth IRA
Tax payer who meet certain req...
McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver
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