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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: 978-0077328368McGraw-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 14
William is a single writer (age 35) who recently decided that he needs to save more for retirement.His 2011 AGI is $61,000 (all earned income).
a.If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2011
b.If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2011
c.Assuming the same facts as in b.except William's AGI is $75,000, what is the maximum deductible IRA contribution William can make in 2011
a.If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2011
b.If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2011
c.Assuming the same facts as in b.except William's AGI is $75,000, what is the maximum deductible IRA contribution William can make in 2011
Explanation
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Individual retirement
Tax payers are al...
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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