William is a single writer (age 35) who recently decided that he needs to save more for

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William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2018 AGI before the IRA contribution deduction is $66,000 (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 2018?

b. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2018?

c. Assuming the same facts as in part (b) except William’s AGI before the IRA contribution deductionis $76,000, what is the maximum deductible IRA contribution William can make in 2018?

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Taxation Of Individuals And Business Entities 2019 Edition

ISBN: 9781259918391

10th Edition

Authors: Brian C. Spilker, Benjamin C. Ayers, John Robinson, Edmund Outslay, Ronald G. Worsham, John A. Barrick, Connie Weaver

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