Karen, 28 years old and a single taxpayer, has a salary of $29,000 and rental income of
Question:
a. What is the maximum amount that Karen may deduct for contributions to her IRA for 2014?
$____________
b. If Karen is a calendar year taxpayer and files her tax return on August 15, what is the last date on which she can make her contribution to the IRA and deduct it for 2014?
$____________
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Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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