Ms. Calhoun is age 51 and single. What is the maximum contribution that she can make to

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Ms. Calhoun is age 51 and single. What is the maximum contribution that she can make to a Roth IRA if:

a. Her AGI consists of an $89,400 salary from her employer?

b. Her AGI consists of an $89,400 salary plus $33,000 interest and dividends from a trust fund?

c. Her AGI consists of a $125,000 salary plus a $19,250 share of ordinary income from a partnership?

Assume the taxable year is 2018.

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Principles Of Taxation For Business And Investment Planning 2019 Edition

ISBN: 9781260161472

22nd Edition

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

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Question Posted: Jan 18, 2019 05:12 AM

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Ms. Calhoun is age 51 and single. What is the maximum contribution that she can make to

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a Ms Calhouns maximum contribution is 5500 b Ms Cal...View the full answer

Principles Of Taxation For Business And Investment Planning 2019 Edition

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