Question: Andre was born 8 1 9 ? 1 9 8 4 . Andre's spouse died on 7 1 ? 2 0 2 1 . They

Andre was born 819?1984. Andre's spouse died on 71?2021. They have one child, which Andre still provides support who is 12. Andre had MAGI of $120,000 and is covered by an employer retirement plan at his main job. He also took one-half of the selfemployment tax deduction of $2,000 for his side gig of Door Dash.
Andre heard on a TikTok video that he could take contribute and deduct $6,500 in a traditional IRA, which he did because TikTok and Chat GPT are always correct!
What is the amount he can deduct for his Traditional IRA deduction?
Andre was born 8 1 9 ? 1 9 8 4 . Andre's spouse

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!