Question: 22. Traditional IRA Characteristics. (Obj. 4) For each statement, check true or false. a. Contributions to a nonworking spouse's IRA must be equal to the

 22. Traditional IRA Characteristics. (Obj. 4) For each statement, check true

22. Traditional IRA Characteristics. (Obj. 4) For each statement, check true or false. a. Contributions to a nonworking spouse's IRA must be equal to the IRA contributions of the working spouse. b. Contributions to a traditional IRA are deductible in the computation of AGI for a single employee whose only income is wages of $25,000. c. Contributions to a traditional IRA generally must stop in the year the IRA account owner reaches age 70%. d. De earnings of a traditional IRA are taxed to the employee in the year earned. e. De income earned on nondeductible traditional IRA contributions is not taxable until it is withdrawn f. e maximum deductible IRA contributions in 2022 is $6,000 for a married couple of which only one spouse works and earns $25,000

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