In 2018, Susan (44 years old) is a highly successful architect and is covered by an employee-sponsored plan. Her husband, Dan (47 years old), however, is a PhD student and is unemployed. Compute the maximum deductible IRA contribution for each spouse in the following alternative situations.
a. Susan’s salary and the couple’s AGI is $200,000. The couple files a joint tax return.
b. Susan’s salary and the couple’s AGI is $122,000. The couple files a joint tax return.
c. Susan’s salary and the couple’s AGI is $80,000. The couple files a joint tax return.
d. Susan’s salary and her AGI is $80,000. Dan reports $5,000 of AGI (earned income). The couple files separate tax returns.