Question: 3- SSPD408 [Algorithmic] SelfStudy Prehiern 4.8 Jeannie is employed by a business that operates a quaiied prot-sharing plan. a. In 201?, when her compensation is
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3- SSPD408 [Algorithmic] SelfStudy Prehiern 4.8 Jeannie is employed by a business that operates a quaiied prot-sharing plan. a. In 201?, when her compensation is $50,000, what is the maximum contribution the business can make For her\"? $ b. If Jeannie's salary was $250,000, what is the maximum contribution? $ :3. Eaten and Alanys Tanjoy are married Eingjointly taxpayers both 61 years of age and semiretired. Nanys earns wages of $32,000 as a parttime school librarian and Eaten sharpens knives as a hobby and their 201? AGI is $49,?00. Their tax liability before any credit is $5,055. Neither Tanjoy is active in any other income deferral pians. Because the Tanjoys have limited nancial needs, they also made an IRA contribution of $10,000 ($5,000 each} trying to get ready for retirement. Use the Form 8000 to deten'nine the Tanjoy's Sayer's Credit. Enter all amounts as positive numbers
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