Ms. Calhoun is age 51 and single. What is the maximum contribution that she can make to
Question:
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 $31,000 interest and dividends from a trust fund?
c. Her AGI consists of a $116,000 salary plus a $19,250 share of ordinary income from a partnership?
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Step by Step Answer:
a Ms Calhouns maximum contribution is 5500 b Ms Calh...View the full answer
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Related Book For 
Principles Of Taxation For Business And Investment Planning 2017
ISBN: 9781259753015
20th Edition
Authors: Sally M. Jones, Shelley C. Rhoades Catanach, Sandra R. Callaghan
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