Essay
Tia is a 52-year-old an unmarried taxpayer who is an active participant in an employer-sponsored qualified retirement plan.Before IRA contributions,her AGI is $64,000 in 2014.
a.What is the maximum amount she can contribute and the maximum deduction she can receive for a contribution to a traditional IRA?
b.What is the maximum amount she can contribute and the maximum deduction she can receive for a contribution to a Roth IRA?
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a.Tia is allowed to contribute up to $6,...View Answer
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