Question: Mr. and Mrs. DM file a joint tax return. Each spouse contributed $3,800 to a traditional IRA. In each of the following cases, compute the
a. Neither spouse is an active participant in a qualified retirement plan, and their AGI is $123,400.
b. Mr. DM is an active participant, but Mrs. DM is not. Their AGI is $123,400.
c. Both spouses are active participants, and their AGI is $89,200.
d. Mr. DM is self-employed and doesn’t have a Keogh plan. Mrs. DM is an active participant. Their AGI is $107,400.
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a The couples 7600 contribution is fully deductible be... View full answer
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