21. Bill and Beth are both 56 years old and file a joint return. Bill is...
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21. Bill and Beth are both 56 years old and file a joint return. Bill is covered by a retirement plan at work, but Beth is not covered by a plan at work. Bill's salary was $60,000. Beth's salary was $60,000. What is the maximum "deductible" amount that Beth may contribute to her IRA assuming they file a joint return? $0 $4,800 $7,000 O $2,100 21. Bill and Beth are both 56 years old and file a joint return. Bill is covered by a retirement plan at work, but Beth is not covered by a plan at work. Bill's salary was $60,000. Beth's salary was $60,000. What is the maximum "deductible" amount that Beth may contribute to her IRA assuming they file a joint return? $0 $4,800 $7,000 O $2,100
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In case of traditional IRA one can contribute upto 600... View the full answer
Related Book For
Focus on Personal Finance
ISBN: 978-0077861742
5th edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Posted Date:
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